PepsiCo, Inc. $PEP Shares Purchased by BIP Wealth LLC

BIP Wealth LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,871 shares of the company’s stock after acquiring an additional 363 shares during the quarter. BIP Wealth LLC’s holdings in PepsiCo were worth $511,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. AG2R LA Mondiale Gestion D Actifs grew its holdings in shares of PepsiCo by 0.8% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 68,343 shares of the company’s stock valued at $9,024,000 after purchasing an additional 530 shares in the last quarter. City State Bank grew its stake in shares of PepsiCo by 6.3% in the second quarter. City State Bank now owns 3,364 shares of the company’s stock worth $444,000 after acquiring an additional 200 shares in the last quarter. Curio Wealth LLC increased its position in shares of PepsiCo by 46,200.0% during the second quarter. Curio Wealth LLC now owns 463 shares of the company’s stock worth $61,000 after acquiring an additional 462 shares during the period. Northstar Asset Management Inc. raised its stake in shares of PepsiCo by 4.7% in the second quarter. Northstar Asset Management Inc. now owns 2,430 shares of the company’s stock valued at $321,000 after acquiring an additional 108 shares in the last quarter. Finally, Leelyn Smith LLC boosted its holdings in PepsiCo by 5.4% in the second quarter. Leelyn Smith LLC now owns 18,624 shares of the company’s stock valued at $2,459,000 after purchasing an additional 957 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Barclays lifted their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. HSBC lifted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Evercore ISI increased their target price on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $156.95.

PepsiCo Trading Up 0.0%

Shares of PepsiCo stock opened at $151.55 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a fifty day simple moving average of $145.97 and a 200-day simple moving average of $139.62. The stock has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share 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 analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.