Earned Wealth Advisors LLC Has $523,000 Stock Holdings in PepsiCo, Inc. $PEP

Earned Wealth Advisors LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 80.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,964 shares of the company’s stock after purchasing an additional 1,768 shares during the period. Earned Wealth Advisors LLC’s holdings in PepsiCo were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter worth $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC raised its position 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 acquiring an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $147.55 on Friday. The company has a market cap of $201.75 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The company’s fifty day simple moving average is $145.87 and its 200 day simple moving average is $139.73. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during 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%. PepsiCo’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PEP. Barclays raised their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. HSBC lifted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Seven research 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 MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target 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.