Harel Insurance Investments & Financial Services Ltd. Buys 620 Shares of PepsiCo, Inc. $PEP

Harel Insurance Investments & Financial Services Ltd. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 38.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,250 shares of the company’s stock after purchasing an additional 620 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in PepsiCo were worth $297,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after acquiring an additional 208,292 shares in the last quarter. Invesco Ltd. grew its holdings in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in PepsiCo by 9.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,878,718 shares of the company’s stock worth $1,631,155,000 after purchasing an additional 923,766 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0%

PEP opened at $146.09 on Monday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $167.96. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company 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 stock has a fifty day moving average of $145.80 and a 200-day moving average of $139.70.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business 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 firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on PEP shares. Jefferies Financial Group lifted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. Piper Sandler lifted their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Bank of America lifted 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. Finally, Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Seven equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.95.

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.