Csenge Advisory Group Acquires 489 Shares of PepsiCo, Inc. $PEP

Csenge Advisory Group boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 18,231 shares of the company’s stock after purchasing an additional 489 shares during the period. Csenge Advisory Group’s holdings in PepsiCo were worth $2,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at about $25,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 122 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of PepsiCo in the 2nd quarter valued at approximately $45,000. Finally, Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.0%

Shares of PEP opened at $142.86 on Thursday. The stock’s 50-day moving average price is $145.53 and its 200 day moving average price is $139.73. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $195.34 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $167.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping 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 the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. Piper Sandler lifted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Tuesday, October 21st. Finally, Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note 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.com, the company has an average rating of “Hold” and an average target price of $156.95.

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.