Leelyn Smith LLC Has $2.46 Million Stock Position in PepsiCo, Inc. $PEP

Leelyn Smith LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,624 shares of the company’s stock after acquiring an additional 957 shares during the quarter. Leelyn Smith LLC’s holdings in PepsiCo were worth $2,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC boosted 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 acquiring an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in PepsiCo during the second quarter worth $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.0%

NASDAQ:PEP opened at $151.55 on Friday. The company has a fifty day moving average of $145.97 and a 200 day moving average of $139.62. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $174.00. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46.

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, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Citigroup lowered their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. HSBC boosted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo 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.