R Squared Ltd Buys 7,414 Shares of PepsiCo, Inc. $PEP

Key Points

• R Squared Ltd increased its stake in PepsiCo by 227.4%, acquiring 7,414 shares and bringing its total to 10,674 shares, valued at approximately $1.41 million.
• PepsiCo recently reported $2.29 EPS for the quarter, surpassing estimates, with revenues up 2.7% year-over-year, totaling $23.94 billion.
• Analysts have adjusted price targets for PepsiCo, with ratings ranging from "Buy" to "Hold", and an average price target now set at $156.95.

R Squared Ltd lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 227.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,674 shares of the company's stock after purchasing an additional 7,414 shares during the quarter. PepsiCo comprises 0.8% of R Squared Ltd's investment portfolio, making the stock its 18th biggest holding. R Squared Ltd's holdings in PepsiCo were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at about $29,000. Frazier Financial Advisors LLC boosted its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after purchasing 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 worth $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.0%

Shares of NASDAQ PEP opened at $151.51 on Friday. The business's fifty day moving average price is $145.95 and its 200-day moving average price is $139.54. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.00. The stock has a market capitalization of $207.17 billion, a PE ratio of 28.80, a P/E/G 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 posted its quarterly earnings results 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. 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 analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company's quarterly 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. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America lifted their target price on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Citigroup reduced their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. UBS Group dropped 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 lifted their target price 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, Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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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