Delta Financial Advisors LLC Boosts Stake in PepsiCo, Inc. $PEP

Delta Financial Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,295 shares of the company’s stock after purchasing an additional 645 shares during the period. Delta Financial Advisors LLC’s holdings in PepsiCo were worth $2,284,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PEP. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $25,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter worth approximately $29,000. Frazier Financial Advisors LLC increased its stake in shares of 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 purchasing an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at $45,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PEP shares. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Piper Sandler upped their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group lifted their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 1.0%

PEP opened at $142.95 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 stock’s 50 day moving average price is $145.31 and its 200-day moving average price is $139.75. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $166.88. The stock has a market cap of $195.46 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current 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.