Earned Wealth Advisors LLC Has $523,000 Position in PepsiCo, Inc. $PEP

Earned Wealth Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 80.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,964 shares of the company’s stock after buying an additional 1,768 shares during the period. Earned Wealth Advisors LLC’s holdings in PepsiCo were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after purchasing an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after purchasing an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0%

PEP opened at $147.55 on Friday. The company’s 50 day moving average is $145.87 and its 200-day moving average is $139.73. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $201.75 billion, a P/E ratio of 28.05, a PEG ratio of 3.56 and a beta of 0.46.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. The Goldman Sachs Group increased their target price on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Rothschild & Co Redburn increased their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Finally, Morgan Stanley increased their price target 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. 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 MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $156.95.

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.