PepsiCo, Inc. $PEP Shares Acquired by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,871 shares of the company’s stock after purchasing an additional 597 shares during the period. Ranch Capital Advisors Inc.’s holdings in PepsiCo were worth $1,435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo during the 1st quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC boosted its position in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% in the 2nd 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. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.0%

NASDAQ:PEP opened at $151.55 on Friday. The company’s fifty day moving average price is $145.97 and its 200-day moving average price is $139.62. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. 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 posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. Barclays raised their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Evercore ISI upped their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.