Forum Financial Management LP Increases Holdings in PepsiCo, Inc. $PEP

Forum Financial Management LP grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,726 shares of the company’s stock after buying an additional 880 shares during the period. Forum Financial Management LP’s holdings in PepsiCo were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC lifted its holdings in shares of 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 last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at about $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.03 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $145.89 and its two-hundred day moving average is $139.49. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The stock has a market capitalization of $209.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.73 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The firm’s quarterly 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Evercore ISI boosted their target price on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, The Goldman Sachs Group boosted their target price on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.58.

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.