Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 80,500 Shares of PepsiCo, Inc. $PEP

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,508 shares of the company’s stock after purchasing an additional 80,500 shares during the quarter. PepsiCo accounts for 0.6% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 26th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PepsiCo were worth $63,710,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC grew 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 purchasing an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its stake in 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 own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PEP shares. Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Bank of America increased their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Piper Sandler increased their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. 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. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

Shares of PEP opened at $152.63 on Tuesday. The stock’s 50-day simple moving average is $146.03 and its 200 day simple moving average is $139.62. The stock has a market capitalization of $208.70 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. 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 52-week low of $127.60 and a 52-week high of $172.98.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 57.58% and a net margin of 7.82%.The firm’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 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

About PepsiCo

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.