GoalVest Advisory LLC Reduces Stock Holdings in PepsiCo, Inc. $PEP

GoalVest Advisory LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,624 shares of the company’s stock after selling 2,268 shares during the period. GoalVest Advisory LLC’s holdings in PepsiCo were worth $1,271,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC boosted its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its holdings 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 valued at $42,000 after acquiring an additional 232 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. Evercore ISI increased their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Bank of America increased their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday. Finally, Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Trading Up 0.0%

NASDAQ:PEP opened at $151.55 on Monday. The stock has a fifty day moving average price of $145.97 and a two-hundred day moving average price of $139.57. The stock has a market capitalization of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share 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.