PepsiCo, Inc. $PEP Shares Acquired by Tevis Investment Management

Tevis Investment Management increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,815 shares of the company’s stock after purchasing an additional 1,146 shares during the quarter. Tevis Investment Management’s holdings in PepsiCo were worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Conscious Wealth Investments LLC raised its holdings in PepsiCo by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 26,286 shares of the company’s stock worth $3,782,000 after buying an additional 107 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in PepsiCo by 8.9% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,118 shares of the company’s stock worth $12,823,000 after acquiring an additional 7,960 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in PepsiCo by 20.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 482,508 shares of the company’s stock valued at $63,710,000 after acquiring an additional 80,500 shares during the last quarter. SYM FINANCIAL Corp lifted its stake in PepsiCo by 96.8% in the 2nd quarter. SYM FINANCIAL Corp now owns 7,650 shares of the company’s stock valued at $1,010,000 after acquiring an additional 3,762 shares in the last quarter. Finally, Facet Wealth Inc. lifted its stake in PepsiCo by 29.6% in the 2nd quarter. Facet Wealth Inc. now owns 2,152 shares of the company’s stock valued at $297,000 after acquiring an additional 491 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7%

NASDAQ PEP opened at $152.63 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market cap of $208.70 billion, a PE ratio of 29.02, a P/E/G ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $172.98. The firm’s fifty day moving average is $146.03 and its two-hundred day moving average is $139.62.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating 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 business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Wells Fargo & Company boosted their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Bank of America upped 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. Finally, HSBC increased their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.