AlTi Global Inc. Grows Position in PepsiCo, Inc. $PEP

Key Points

• AlTi Global Inc. increased its stake in PepsiCo by 227.8% during Q2, owning over 70,000 shares worth approximately $9.3 million.
• PepsiCo's most recent earnings report revealed $2.29 earnings per share, exceeding analyst estimates, with revenues of $23.94 billion for the quarter.
• Recent ratings from analysts have led to adjusted price targets, with Bank of America raising its target for PepsiCo from $150 to $155, reflecting a generally optimistic outlook.

AlTi Global Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 227.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 70,044 shares of the company's stock after purchasing an additional 48,679 shares during the period. AlTi Global Inc.'s holdings in PepsiCo were worth $9,327,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth $29,000. Frazier Financial Advisors LLC increased its position in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its position 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 worth $42,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $151.51 on Friday. The company has a 50 day moving average price of $145.95 and a 200-day moving average price of $139.54. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. The firm has a market cap of $207.17 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on PEP. Bank of America increased their price target on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company upped their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research note on Friday, October 10th. DZ Bank raised shares of PepsiCo from a "hold" rating to a "buy" rating and set a $167.00 price objective on the stock in a report on Tuesday. Finally, Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research note on Monday, October 13th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.

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