Premier Path Wealth Partners LLC Has $965,000 Stock Position in PepsiCo, Inc. $PEP

Premier Path Wealth Partners LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.9% in the second quarter, Holdings Channel.com reports. The firm owned 7,310 shares of the company’s stock after selling 1,382 shares during the period. Premier Path Wealth Partners LLC’s holdings in PepsiCo were worth $965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter worth $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC lifted its position in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the second quarter worth about $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0%

PepsiCo stock opened at $147.55 on Friday. The business has a 50 day moving average price of $145.87 and a two-hundred day moving average price of $139.73. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $201.75 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $167.96.

PepsiCo (NASDAQ:PEP) last posted 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. 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%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America boosted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.