Exencial Wealth Advisors LLC Raises Stock Position in PepsiCo, Inc. $PEP

Exencial Wealth Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,085 shares of the company's stock after acquiring an additional 3,818 shares during the quarter. Exencial Wealth Advisors LLC's holdings in PepsiCo were worth $3,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC lifted 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, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo during the second quarter worth about $45,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $153.03 on Thursday. The firm's fifty day moving average price is $145.89 and its 200 day moving average price is $139.49. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. 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 firm has a market cap of $209.24 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 3.73 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating 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 analyst estimates of $23.91 billion. During the same period last year, the firm posted $2.31 EPS. PepsiCo's quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PEP shares. Wells Fargo & Company increased their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Jefferies Financial Group increased their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. Finally, Evercore ISI lifted their price target on shares of PepsiCo from $150.00 to $152.00 in a research note 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $156.58.

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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