Hixon Zuercher LLC Has $4.04 Million Position in PepsiCo, Inc. $PEP

Hixon Zuercher LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,583 shares of the company’s stock after purchasing an additional 614 shares during the period. Hixon Zuercher LLC’s holdings in PepsiCo were worth $4,038,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.0%

Shares of NASDAQ PEP opened at $151.55 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $174.00. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. 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 company’s 50 day simple moving average is $145.97 and its 200 day simple moving average is $139.62.

PepsiCo (NASDAQ:PEP) last issued 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 net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research analyst reports. 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. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Jefferies Financial Group increased their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Evercore ISI increased their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.