Asset Management One Co. Ltd. Has $84.11 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Asset Management One Co. Ltd. increased its holdings in PepsiCo, Inc. by 1%, owning 636,970 shares valued at approximately $84.1 million as of the last quarter.
• PepsiCo's stock has generated a consensus rating of "Hold" among analysts, with a price target averaging around $156.95.
• The company reported an earnings per share (EPS) of $2.29 for the latest quarter, surpassing analysts' expectations and indicating a revenue increase of 2.7% from the previous year.

Asset Management One Co. Ltd. raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,970 shares of the company's stock after buying an additional 6,064 shares during the period. Asset Management One Co. Ltd.'s holdings in PepsiCo were worth $84,106,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC boosted its holdings in 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 during the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its holdings in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. HSBC boosted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a research note on Friday, October 10th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Morgan Stanley upped their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $156.95.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $151.51 on Friday. 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 company has a market cap of $207.17 billion, a PE ratio of 28.80, a PEG ratio of 3.72 and a beta of 0.46. The firm's 50-day moving average price is $145.95 and its 200-day moving average price is $139.54. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $174.00.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, October 9th. The company reported $2.29 EPS 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 company had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter last year, the business earned $2.31 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current 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.

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