PepsiCo, Inc. $PEP Shares Acquired by KBC Group NV

KBC Group NV grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 483,313 shares of the company’s stock after acquiring an additional 18,945 shares during the period. KBC Group NV’s holdings in PepsiCo were worth $63,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter worth about $25,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock opened at $144.39 on Thursday. The company has a fifty day simple moving average of $145.00 and a 200-day simple moving average of $139.87. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $166.88. 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 stock has a market cap of $197.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 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 analyst estimates of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. HSBC boosted their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Finally, Piper Sandler boosted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $156.95.

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.