PepsiCo, Inc. $PEP Stock Holdings Lifted by National Pension Service

National Pension Service lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,986,735 shares of the company’s stock after acquiring an additional 109,484 shares during the quarter. National Pension Service owned approximately 0.22% of PepsiCo worth $394,368,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter valued at $25,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC grew 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 acquiring an additional 122 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. lifted its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $145.08 on Wednesday. The stock has a market capitalization of $198.37 billion, a P/E ratio of 27.58, a P/E/G ratio of 3.56 and a beta of 0.45. The business has a 50-day moving average of $145.08 and a two-hundred day moving average of $139.84. 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 current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PEP. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company increased their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Piper Sandler boosted their target price on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group upped their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. 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. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $156.95.

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.