Great Lakes Retirement Inc. Grows Holdings in PepsiCo, Inc. $PEP

Great Lakes Retirement Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.7% during the second quarter, Holdings Channel.com reports. The firm owned 9,600 shares of the company’s stock after buying an additional 931 shares during the period. Great Lakes Retirement Inc.’s holdings in PepsiCo were worth $1,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Onyx Bridge Wealth Group LLC lifted its holdings in shares of PepsiCo by 7.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,456 shares of the company’s stock worth $368,000 after acquiring an additional 165 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of PepsiCo during the 1st quarter worth about $244,000. Huntleigh Advisors Inc. lifted its holdings in shares of PepsiCo by 3.3% during the 1st quarter. Huntleigh Advisors Inc. now owns 3,457 shares of the company’s stock worth $518,000 after acquiring an additional 111 shares during the period. Finally, Brookstone Capital Management lifted its holdings in shares of PepsiCo by 85.9% during the 1st quarter. Brookstone Capital Management now owns 49,404 shares of the company’s stock worth $7,408,000 after acquiring an additional 22,824 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 analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Loop Capital set a $164.00 target price on shares of PepsiCo in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, HSBC increased their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Trading Down 1.0%

PEP opened at $146.09 on Friday. The firm has a market capitalization of $199.75 billion, a P/E ratio of 27.77, a P/E/G ratio of 3.56 and a beta of 0.46. The firm’s 50 day moving average is $145.80 and its 200-day moving average is $139.71. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $167.96. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

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