Snider Financial Group Invests $298,000 in PepsiCo, Inc. $PEP

Snider Financial Group acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,259 shares of the company’s stock, valued at approximately $298,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised 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 purchasing an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. lifted its position in 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 during the period. Finally, RMG Wealth Management LLC bought a new position in PepsiCo during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0%

Shares of NASDAQ:PEP opened at $146.09 on Monday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $167.96. 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 company has a market cap of $199.75 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The firm has a 50 day simple moving average of $145.80 and a 200 day simple moving average of $139.70.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the company earned $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group cut their price objective on 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 boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. Finally, Barclays increased their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.95.

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.