Focus Partners Advisor Solutions LLC Has $10.68 Million Position in PepsiCo, Inc. $PEP

Key Points

• Focus Partners Advisor Solutions LLC reduced its holdings in PepsiCo by 5.5%, owning 80,861 shares worth approximately $10.68 million as of its latest SEC filing.
• PepsiCo reported quarterly earnings with an EPS of $2.29, beating analysts' expectations, and a year-over-year revenue increase of 2.7%.
• The company has a market cap of $207.22 billion and has received a mix of ratings from analysts, with the average price target currently at $156.95.

Focus Partners Advisor Solutions LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,861 shares of the company's stock after selling 4,734 shares during the period. Focus Partners Advisor Solutions LLC's holdings in PepsiCo were worth $10,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC raised its holdings in shares of PepsiCo by 85.3% in the 2nd 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 period. Finally, Investment Research & Advisory Group Inc. raised its holdings 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 during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP opened at $151.55 on Friday. The stock has a market cap of $207.22 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $174.00. The firm's 50-day simple moving average is $145.97 and its two-hundred day simple moving average is $139.62.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS 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 analysts' expectations of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Rothschild & Co Redburn lifted their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research note on Monday, October 13th. Citigroup cut their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Barclays upped their target price on shares of 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 boosted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $156.95.

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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