Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $44.40 Million Stock Position in PepsiCo, Inc. $PEP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 336,265 shares of the company’s stock after purchasing an additional 22,621 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PepsiCo were worth $44,400,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JSF Financial LLC increased its holdings in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC grew its position in PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC increased its stake in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC raised its holdings in PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after buying an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in shares of PepsiCo by 1.6% during the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after buying an additional 74 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.6%

Shares of PepsiCo stock opened at $145.85 on Friday. The firm has a market cap of $199.43 billion, a PE ratio of 27.73, a P/E/G ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $165.13. 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 stock has a fifty day moving average price of $144.95 and a 200-day moving average price of $139.99.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PEP shares. Evercore ISI upped their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. HSBC upped their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Piper Sandler increased their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.