Signet Investment Advisory Group Inc. Purchases 713 Shares of PepsiCo, Inc. $PEP

Signet Investment Advisory Group Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,857 shares of the company’s stock after purchasing an additional 713 shares during the quarter. PepsiCo accounts for about 1.5% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 29th biggest holding. Signet Investment Advisory Group Inc.’s holdings in PepsiCo were worth $2,886,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% in the second 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. raised its position in shares of 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 acquiring an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.7%

Shares of PEP stock opened at $152.63 on Tuesday. The company has a market cap of $208.70 billion, a P/E ratio of 29.02, a PEG ratio of 3.69 and a beta of 0.46. The stock has a 50 day simple moving average of $146.03 and a two-hundred day simple moving average of $139.62. 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 $172.98.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. The Goldman Sachs Group increased their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, BNP Paribas Exane decreased their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus 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.