Advyzon Investment Management LLC Acquires 1,779 Shares of PepsiCo, Inc. $PEP

Advyzon Investment Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 61.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,659 shares of the company’s stock after acquiring an additional 1,779 shares during the quarter. Advyzon Investment Management LLC’s holdings in PepsiCo were worth $615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter worth about $25,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC raised its holdings in 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. RMG Wealth Management LLC purchased a new stake in PepsiCo in the 2nd quarter valued at $45,000. Finally, Investment Research & Advisory Group Inc. boosted its holdings in PepsiCo by 263.6% in 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 last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $145.08 on Wednesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $166.88. The stock has a market cap of $198.37 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The business’s fifty day moving average price is $145.08 and its two-hundred day moving average price is $139.84. 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 (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS 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 net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Jefferies Financial Group raised their target price on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Tuesday, October 21st. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. 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 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.