180 Wealth Advisors LLC Increases Stock Position in PepsiCo, Inc. $PEP

180 Wealth Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,304 shares of the company’s stock after buying an additional 821 shares during the period. 180 Wealth Advisors LLC’s holdings in PepsiCo were worth $2,681,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Brighton Jones LLC lifted its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC lifted its holdings in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $327,000. Golden State Wealth Management LLC raised its position in shares of PepsiCo by 124.8% in the first quarter. Golden State Wealth Management LLC now owns 7,595 shares of the company’s stock valued at $1,140,000 after buying an additional 4,216 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in shares of PepsiCo by 3.6% in the first quarter. Perigon Wealth Management LLC now owns 37,716 shares of the company’s stock valued at $5,655,000 after buying an additional 1,325 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 1.0%

PepsiCo stock opened at $151.51 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 firm has a 50 day moving average price of $145.95 and a 200 day moving average price of $139.54. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $174.00. The company has a market capitalization of $207.17 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share 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 during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PEP shares. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Rothschild & Co Redburn raised their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Piper Sandler upped their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. HSBC lifted their target price 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. Finally, DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday. Seven 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. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $156.95.

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.