Delta Investment Management LLC Has $407,000 Stock Position in PepsiCo, Inc. $PEP

Delta Investment Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,082 shares of the company’s stock after selling 105 shares during the quarter. Delta Investment Management LLC’s holdings in PepsiCo were worth $407,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC boosted its stake in shares of 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 purchasing an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $151.55 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.00. The stock’s 50-day moving average is $145.97 and its 200-day moving average is $139.57.

PepsiCo (NASDAQ:PEP) last announced its earnings results 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. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the firm earned $2.31 EPS. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on PEP shares. Piper Sandler increased their price target on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Bank of America increased their price target on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday. Seven 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.