Linscomb Wealth Inc. Acquires 2,626 Shares of PepsiCo, Inc. $PEP

Linscomb Wealth Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,467 shares of the company’s stock after purchasing an additional 2,626 shares during the period. Linscomb Wealth Inc.’s holdings in PepsiCo were worth $8,116,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC increased its position in shares of PepsiCo by 5.9% in the second quarter. Murphy Pohlad Asset Management LLC now owns 21,418 shares of the company’s stock valued at $2,828,000 after acquiring an additional 1,185 shares during the last quarter. AMG National Trust Bank grew its position in shares of PepsiCo by 1.1% in the second quarter. AMG National Trust Bank now owns 32,216 shares of the company’s stock valued at $4,254,000 after purchasing an additional 365 shares during the last quarter. Creekmur Asset Management LLC grew its position in PepsiCo by 11.4% during the second quarter. Creekmur Asset Management LLC now owns 3,851 shares of the company’s stock worth $509,000 after buying an additional 395 shares in the last quarter. Earned Wealth Advisors LLC increased its stake in PepsiCo by 80.5% in the second quarter. Earned Wealth Advisors LLC now owns 3,964 shares of the company’s stock valued at $523,000 after acquiring an additional 1,768 shares during the last quarter. Finally, IFG Advisory LLC boosted its holdings in shares of PepsiCo by 9.5% in the 2nd quarter. IFG Advisory LLC now owns 15,052 shares of the company’s stock valued at $1,987,000 after purchasing an additional 1,300 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Piper Sandler raised their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $147.55 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $167.96. The firm has a market capitalization of $201.75 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.56 and a beta of 0.46. The business has a 50-day simple moving average of $145.87 and a 200 day simple moving average of $139.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.