OVERSEA CHINESE BANKING Corp Ltd Has $8.53 Million Stock Position in PepsiCo, Inc. $PEP

OVERSEA CHINESE BANKING Corp Ltd increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 158.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,426 shares of the company’s stock after acquiring an additional 40,716 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in PepsiCo were worth $8,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in PepsiCo by 21.2% in the first quarter. Capital Advisors Wealth Management LLC now owns 5,568 shares of the company’s stock valued at $835,000 after buying an additional 974 shares during the period. Joel Isaacson & Co. LLC lifted its stake in PepsiCo by 7.9% in the first quarter. Joel Isaacson & Co. LLC now owns 16,433 shares of the company’s stock valued at $2,464,000 after buying an additional 1,202 shares during the period. WestEnd Advisors LLC lifted its stake in PepsiCo by 22.4% in the first quarter. WestEnd Advisors LLC now owns 238,972 shares of the company’s stock valued at $35,831,000 after buying an additional 43,691 shares during the period. Finally, Goodman Advisory Group LLC acquired a new position in PepsiCo in the first quarter valued at approximately $157,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEP shares. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday. Bank of America upped their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 0.0%

Shares of PepsiCo stock opened at $151.55 on Monday. The stock has a fifty day simple moving average of $145.97 and a 200 day simple moving average of $139.57. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The company has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. PepsiCo’s revenue 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, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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.