PKO Investment Management Joint Stock Co Purchases 38,000 Shares of PepsiCo, Inc. $PEP

Key Points

• PKO Investment Management Joint Stock Co increased its holdings in PepsiCo by 126.7% in Q2, purchasing an additional 38,000 shares, bringing its total to 68,000 shares worth approximately $8.98 million.
• Recent analyst ratings have seen Goldman Sachs raise its price target for PepsiCo to $167 and maintain a "buy" rating, while HSBC increased its target to $152 with a "hold" rating.
• PepsiCo reported earnings of $2.29 per share for the latest quarter, exceeding expectations, with a revenue of $23.94 billion, marking a 2.7% year-over-year increase.

PKO Investment Management Joint Stock Co grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 126.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,000 shares of the company's stock after purchasing an additional 38,000 shares during the period. PepsiCo comprises about 1.0% of PKO Investment Management Joint Stock Co's holdings, making the stock its 28th largest holding. PKO Investment Management Joint Stock Co's holdings in PepsiCo were worth $8,979,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after acquiring an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. increased its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. HSBC upped their target price on PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a report on Friday, October 10th. BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $156.95.

PepsiCo Stock Performance

PEP stock opened at $151.55 on Friday. The stock has a market capitalization 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. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock's 50 day simple moving average is $145.97 and its 200 day simple moving average is $139.62.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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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