PepsiCo, Inc. $PEP Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 550.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,451 shares of the company’s stock after purchasing an additional 85,865 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PepsiCo were worth $13,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Capital Advisors Wealth Management LLC increased its stake in PepsiCo by 21.2% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 5,568 shares of the company’s stock worth $835,000 after purchasing an additional 974 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in PepsiCo by 7.9% during the 1st quarter. Joel Isaacson & Co. LLC now owns 16,433 shares of the company’s stock worth $2,464,000 after buying an additional 1,202 shares during the period. WestEnd Advisors LLC boosted its stake in shares of PepsiCo by 22.4% during the 1st 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 shares of PepsiCo in the first quarter worth $157,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.0%

NASDAQ PEP opened at $151.55 on Monday. The stock’s 50 day simple moving average is $145.97 and its 200 day simple moving average is $139.57. 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 firm has a market cap of $207.22 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share 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 firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the business posted $2.31 EPS. The company’s quarterly 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. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PEP. Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. The Goldman Sachs Group increased their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Piper Sandler increased their price target on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus 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.