OneAscent Family Office LLC Sells 2,035 Shares of PepsiCo, Inc. $PEP

OneAscent Family Office LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 34.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,797 shares of the company’s stock after selling 2,035 shares during the quarter. OneAscent Family Office LLC’s holdings in PepsiCo were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter worth about $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC grew its position in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new position in shares of PepsiCo during the second quarter valued at approximately $45,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.0%

Shares of PepsiCo stock opened at $142.86 on Thursday. The company has a 50-day simple moving average of $145.53 and a two-hundred day simple moving average of $139.73. The stock has a market capitalization of $195.34 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $167.41. 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 announced its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus 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.