PepsiCo, Inc. $PEP Shares Sold by Opes Wealth Management LLC

Opes Wealth Management LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 36.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the company’s stock after selling 1,046 shares during the period. Opes Wealth Management LLC’s holdings in PepsiCo were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC increased its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. increased 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 buying an additional 232 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEP. Bank of America raised their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Jefferies Financial Group raised their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven 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, the company has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Price Performance

NASDAQ PEP opened at $151.51 on Friday. The company has a 50 day simple moving average of $145.95 and a 200-day simple moving average of $139.54. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $207.17 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $174.00.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo 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.