Mesirow Financial Investment Management Inc. Purchases 1,663 Shares of PepsiCo, Inc. $PEP

Mesirow Financial Investment Management Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,507 shares of the company’s stock after buying an additional 1,663 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in PepsiCo were worth $28,588,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PEP. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. O Brien Wealth Partners LLC raised its position in PepsiCo by 56.4% in the 1st quarter. O Brien Wealth Partners LLC now owns 652 shares of the company’s stock worth $98,000 after buying an additional 235 shares during the last quarter. Novem Group raised its position in PepsiCo by 5.1% in the 1st quarter. Novem Group now owns 22,527 shares of the company’s stock worth $3,378,000 after buying an additional 1,086 shares during the last quarter. Revisor Wealth Management LLC increased its position in shares of PepsiCo by 136.9% during the 1st quarter. Revisor Wealth Management LLC now owns 3,238 shares of the company’s stock valued at $486,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Latitude Advisors LLC increased its position in shares of PepsiCo by 35.2% during the 1st quarter. Latitude Advisors LLC now owns 3,127 shares of the company’s stock valued at $469,000 after purchasing an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Finally, Citigroup decreased their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Stock Up 1.0%

NASDAQ PEP opened at $147.55 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $201.75 billion, a P/E ratio of 28.05, a P/E/G ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $167.96. The stock has a 50 day moving average price of $145.87 and a 200-day moving average price of $139.73.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 9th. The company reported $2.29 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.