Savvy Advisors Inc. Has $1.82 Million Stock Holdings in PepsiCo, Inc. $PEP

Savvy Advisors Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,754 shares of the company’s stock after purchasing an additional 2,497 shares during the quarter. Savvy Advisors Inc.’s holdings in PepsiCo were worth $1,816,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JSF Financial LLC increased its stake in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares during the period. Dogwood Wealth Management LLC boosted its position in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC grew its stake in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the last quarter. Bull Street Advisors LLC grew its position in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 1.6% during the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock worth $602,000 after buying an additional 74 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $147.55 on Friday. The stock has a 50 day simple moving average of $145.87 and a 200 day simple moving average of $139.73. 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 52-week low of $127.60 and a 52-week high of $167.96. The firm has a market capitalization of $201.75 billion, a PE ratio of 28.05, a P/E/G ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping 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 business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the business posted $2.31 earnings per share. The firm’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. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company boosted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Piper Sandler upped their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.