Nisa Investment Advisors LLC Buys 52,075 Shares of PepsiCo, Inc. $PEP

Nisa Investment Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 770,074 shares of the company’s stock after acquiring an additional 52,075 shares during the quarter. PepsiCo comprises approximately 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 26th biggest position. Nisa Investment Advisors LLC owned approximately 0.06% of PepsiCo worth $101,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in PepsiCo in the first quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $460,110,000. Vanguard Group Inc. boosted its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $151.55 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The firm has a market capitalization of $207.22 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The firm has a 50 day moving average of $145.97 and a 200 day moving average of $139.62.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. BNP Paribas Exane lowered their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Finally, Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $156.95.

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.