Invenio Wealth Partners LLC Has $414,000 Stock Holdings in PepsiCo, Inc. $PEP

Invenio Wealth Partners LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 67.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,132 shares of the company’s stock after buying an additional 1,267 shares during the quarter. Invenio Wealth Partners LLC’s holdings in PepsiCo were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter worth $25,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC lifted its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Investment Research & Advisory Group Inc. boosted 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 valued at $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new position in PepsiCo in the 2nd quarter worth approximately $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP opened at $147.83 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13. 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 stock has a market cap of $202.13 billion, a P/E ratio of 28.10, a PEG ratio of 3.56 and a beta of 0.45. The company’s 50-day simple moving average is $145.07 and its 200 day simple moving average is $140.16.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. HSBC increased their target price 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. Finally, Bank of America upped their price target on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report 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 company’s stock. Based on data from MarketBeat.com, the company currently 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.