Nvwm LLC Has $1.50 Million Stock Holdings in PepsiCo, Inc. $PEP

Nvwm LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 23.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,322 shares of the company’s stock after purchasing an additional 2,126 shares during the period. Nvwm LLC’s holdings in PepsiCo were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Claris Advisors LLC MO grew its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. lifted its holdings in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after buying an additional 229 shares during the last quarter. Ignite Planners LLC boosted its position in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after acquiring an additional 151 shares during the period. Merit Financial Group LLC grew its stake in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after acquiring an additional 36,239 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after purchasing an additional 620 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Barclays lifted their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Piper Sandler upped 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Jefferies Financial Group raised their target price on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

PepsiCo stock opened at $141.58 on Friday. The business has a 50 day simple moving average of $145.42 and a 200 day simple moving average of $139.74. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $166.88. The company has a market capitalization of $193.59 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the business earned $2.31 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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.