Boyd Watterson Asset Management LLC OH Has $2.34 Million Holdings in PepsiCo, Inc. $PEP

Boyd Watterson Asset Management LLC OH increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,733 shares of the company’s stock after purchasing an additional 1,088 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in PepsiCo were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC boosted its stake in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Up 0.7%

PepsiCo stock opened at $152.63 on Tuesday. The stock has a market cap of $208.70 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $172.98. The company’s 50-day moving average price is $146.03 and its two-hundred day moving average price is $139.62.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect 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.