Syverson Strege & Co Boosts Stock Position in PepsiCo, Inc. $PEP

Syverson Strege & Co raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 85.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,884 shares of the company’s stock after acquiring an additional 1,329 shares during the period. Syverson Strege & Co’s holdings in PepsiCo were worth $381,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth $29,000. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of PepsiCo in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Morgan Stanley raised 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. Barclays raised their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. HSBC raised their price target on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Trading Down 1.0%

NASDAQ PEP opened at $146.09 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $167.96. 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 company has a 50-day moving average of $145.80 and a 200-day moving average of $139.73. The company has a market cap of $199.75 billion, a P/E ratio of 27.77, a P/E/G ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. 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 earnings per share for the current 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.