Banco Santander S.A. Buys 77,867 Shares of PepsiCo, Inc. $PEP

Banco Santander S.A. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 507.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,225 shares of the company’s stock after purchasing an additional 77,867 shares during the quarter. Banco Santander S.A.’s holdings in PepsiCo were worth $12,309,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC lifted its holdings 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 buying an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in PepsiCo in the second quarter valued at approximately $45,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.7%

Shares of PEP stock opened at $152.63 on Tuesday. The firm has a fifty day moving average of $146.03 and a 200-day moving average of $139.62. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $172.98. The company has a market capitalization of $208.70 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The firm’s 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. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Rothschild & Co Redburn increased their target price on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Finally, Citigroup cut their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price 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.