Burney Co. Has $2.60 Million Stock Position in PepsiCo, Inc. $PEP

Burney Co. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,666 shares of the company’s stock after selling 2,675 shares during the period. Burney Co.’s holdings in PepsiCo were worth $2,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Telos Capital Management Inc. grew its stake in shares of PepsiCo by 1.4% in the second quarter. Telos Capital Management Inc. now owns 135,676 shares of the company’s stock worth $17,915,000 after acquiring an additional 1,890 shares during the last quarter. Sigma Planning Corp grew its stake in shares of PepsiCo by 32.2% in the second quarter. Sigma Planning Corp now owns 42,419 shares of the company’s stock worth $5,601,000 after acquiring an additional 10,336 shares during the last quarter. South Dakota Investment Council lifted its position in PepsiCo by 52.7% in the second quarter. South Dakota Investment Council now owns 78,734 shares of the company’s stock worth $10,396,000 after purchasing an additional 27,188 shares during the period. State of Michigan Retirement System lifted its position in PepsiCo by 0.5% in the second quarter. State of Michigan Retirement System now owns 385,822 shares of the company’s stock worth $50,944,000 after purchasing an additional 2,100 shares during the period. Finally, Carson Advisory Inc. lifted its position in PepsiCo by 12.0% in the second quarter. Carson Advisory Inc. now owns 7,134 shares of the company’s stock worth $942,000 after purchasing an additional 767 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 1.7%

Shares of NASDAQ PEP opened at $143.60 on Tuesday. The stock has a market cap of $196.35 billion, a PE ratio of 27.30, a PEG ratio of 3.56 and a beta of 0.46. The business has a fifty day moving average of $145.71 and a two-hundred day moving average of $139.71. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $167.96. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on PEP shares. Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group raised their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $156.95.

About PepsiCo

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.