iA Global Asset Management Inc. Increases Stock Holdings in PepsiCo, Inc. $PEP

iA Global Asset Management Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 199,785 shares of the company’s stock after acquiring an additional 14,273 shares during the period. iA Global Asset Management Inc.’s holdings in PepsiCo were worth $26,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Onyx Bridge Wealth Group LLC lifted its holdings in shares of PepsiCo by 7.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,456 shares of the company’s stock valued at $368,000 after buying an additional 165 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of PepsiCo in the 1st quarter valued at approximately $244,000. Huntleigh Advisors Inc. lifted its holdings in shares of PepsiCo by 3.3% in the 1st quarter. Huntleigh Advisors Inc. now owns 3,457 shares of the company’s stock valued at $518,000 after buying an additional 111 shares during the period. Finally, Brookstone Capital Management lifted its holdings in shares of PepsiCo by 85.9% in the 1st quarter. Brookstone Capital Management now owns 49,404 shares of the company’s stock valued at $7,408,000 after buying an additional 22,824 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. UBS Group reduced their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Seven research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

NASDAQ PEP opened at $146.09 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $167.96. The stock has a market cap of $199.75 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The business has a fifty day moving average of $145.80 and a 200-day moving average of $139.71. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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.