Retirement Planning Group LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Retirement Planning Group LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,957 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Retirement Planning Group LLC’s holdings in PepsiCo were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JSF Financial LLC increased its position in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares during the period. Joel Isaacson & Co. LLC grew its holdings in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the period. Bull Street Advisors LLC grew its holdings in PepsiCo by 0.4% in the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after buying an additional 74 shares during the period. Finally, Centurion Wealth Management LLC grew its holdings in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. HSBC lifted their price target on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Barclays lifted their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.58.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.03 on Thursday. The firm has a market capitalization of $209.24 billion, a P/E ratio of 29.09, a P/E/G ratio of 3.73 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The business’s 50-day simple moving average is $145.89 and its 200-day simple moving average is $139.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current 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.