Intellectus Partners LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Intellectus Partners LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 17.2% in the second quarter, HoldingsChannel reports. The firm owned 13,127 shares of the company’s stock after purchasing an additional 1,923 shares during the quarter. Intellectus Partners LLC’s holdings in PepsiCo were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $25,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC boosted its stake in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the period. Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo during the second quarter worth $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PEP. 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 note on Friday, October 10th. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Finally, Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Price Performance

Shares of PEP stock opened at $146.09 on Monday. The stock’s 50-day simple moving average is $145.80 and its 200-day simple moving average is $139.70. The firm has a market capitalization of $199.75 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $167.96. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

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

PepsiCo 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.