Roffman Miller Associates Inc. PA Increases Position in PepsiCo, Inc. $PEP

Roffman Miller Associates Inc. PA grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 259,473 shares of the company’s stock after buying an additional 15,614 shares during the period. PepsiCo accounts for 2.0% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 19th largest position. Roffman Miller Associates Inc. PA’s holdings in PepsiCo were worth $34,261,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter worth $25,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC lifted its holdings 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 in the last quarter. RMG Wealth Management LLC purchased a new stake in PepsiCo in the 2nd quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. grew its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. The Goldman Sachs Group lifted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. HSBC lifted their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Down 1.7%

Shares of NASDAQ PEP opened at $143.60 on Tuesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The business has a fifty day moving average price of $145.71 and a 200 day moving average price of $139.71. The stock has a market capitalization of $196.35 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. 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 released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS 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.