Facet Wealth Inc. Purchases 491 Shares of PepsiCo, Inc. $PEP

Facet Wealth Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152 shares of the company’s stock after purchasing an additional 491 shares during the period. Facet Wealth Inc.’s holdings in PepsiCo were worth $297,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the second quarter valued at $29,000. Frazier Financial Advisors LLC raised its stake in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $152.63 on Tuesday. The firm has a market capitalization of $208.70 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $172.98. The firm’s 50 day simple moving average is $146.03 and its 200 day simple moving average is $139.62. 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 (NASDAQ:PEP) last released 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 firm 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 business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on PEP shares. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Finally, Wells Fargo & Company boosted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.