Western Wealth Management LLC Has $1.61 Million Position in PepsiCo, Inc. $PEP

Western Wealth Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,159 shares of the company’s stock after purchasing an additional 1,148 shares during the quarter. Western Wealth Management LLC’s holdings in PepsiCo were worth $1,605,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC lifted 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 acquiring an additional 122 shares during the period. Investment Research & Advisory Group Inc. raised 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 acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo in the second quarter worth about $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $146.70 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $165.13. The company has a market capitalization of $200.59 billion, a P/E ratio of 27.89, a P/E/G ratio of 3.56 and a beta of 0.45. The company’s 50-day simple moving average is $144.95 and its two-hundred day simple moving average is $140.06. 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 posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping 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 business earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PEP shares. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Bank of America lifted their price target on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Piper Sandler increased their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Jefferies Financial Group increased their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.