PepsiCo, Inc. $PEP Shares Purchased by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,286 shares of the company’s stock after acquiring an additional 107 shares during the period. PepsiCo accounts for 2.4% of Conscious Wealth Investments LLC’s portfolio, making the stock its 19th largest position. Conscious Wealth Investments LLC’s holdings in PepsiCo were worth $3,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised its position in shares of 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. Finally, Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PEP. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Citigroup dropped their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $152.63 on Tuesday. The firm’s 50 day moving average is $146.03 and its two-hundred day moving average is $139.62. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $172.98. The firm has a market capitalization of $208.70 billion, a P/E ratio of 29.02, a PEG ratio of 3.69 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last posted its 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 return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the firm earned $2.31 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Company 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.