Smithfield Trust Co Has $6.13 Million Stock Position in PepsiCo, Inc. $PEP

Smithfield Trust Co lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the second quarter, HoldingsChannel reports. The fund owned 46,393 shares of the company’s stock after selling 1,575 shares during the quarter. Smithfield Trust Co’s holdings in PepsiCo were worth $6,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PEP. JSF Financial LLC raised its holdings in PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after buying an additional 69 shares during the last quarter. Dogwood Wealth Management LLC increased its position in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after acquiring an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares during the last quarter. Bull Street Advisors LLC lifted its position in PepsiCo by 0.4% in the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after acquiring an additional 74 shares in the last quarter. Finally, Guardian Wealth Advisors LLC boosted its position in shares of PepsiCo by 1.6% during the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after buying an additional 74 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $144.39 on Thursday. The stock has a market cap of $197.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 3.56 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The business has a 50-day simple moving average of $145.00 and a 200 day simple moving average of $139.87. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $166.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.31 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Company 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.