Rothschild Investment LLC Has $2.14 Million Holdings in PepsiCo, Inc. $PEP

Rothschild Investment LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,224 shares of the company’s stock after purchasing an additional 351 shares during the period. Rothschild Investment LLC’s holdings in PepsiCo were worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC lifted 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 purchasing an additional 122 shares during the period. RMG Wealth Management LLC acquired a new stake in PepsiCo during the second quarter valued at approximately $45,000. Finally, Investment Research & Advisory Group Inc. grew its stake in shares of PepsiCo by 263.6% in 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. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler boosted their price target on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Barclays boosted their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Royal Bank Of Canada lowered 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, Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $147.83 on Tuesday. The business has a fifty day moving average of $145.07 and a 200-day moving average of $140.16. The firm has a market cap of $202.13 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. 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, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.