PepsiCo, Inc. $PEP Shares Bought by Nwam LLC

Nwam LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,328 shares of the company’s stock after buying an additional 540 shares during the period. Nwam LLC’s holdings in PepsiCo were worth $571,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. Piper Sandler boosted 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. JPMorgan Chase & Co. decreased their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Down 0.5%

Shares of PEP stock opened at $144.39 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $166.88. 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 stock’s fifty day moving average is $145.00 and its two-hundred day moving average is $139.87. The firm has a market capitalization of $197.43 billion, a P/E ratio of 27.45, a PEG ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. Research analysts expect 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.