Global Retirement Partners LLC Increases Stake in PepsiCo, Inc.
October 2, 2023
In a recent filing with the Securities and Exchange Commission (SEC), Global Retirement Partners LLC revealed that it has raised its stake in PepsiCo, Inc. by 65.1% during the second quarter. The investment firm now owns 34,143 shares of the company’s stock, after acquiring an additional 13,461 shares during this period. The total value of Global Retirement Partners LLC’s holdings in PepsiCo is currently estimated at $6,324,000.
PepsiCo (NASDAQ:PEP) had previously announced its quarterly earnings results on July 13th. The company reported earnings per share (EPS) of $2.09 for the quarter, surpassing analysts’ consensus estimates of $1.96 by $0.13. Its revenue for the same period stood at $22.32 billion compared to analyst anticipations of $21.73 billion. Furthermore, PepsiCo demonstrated a net margin of 8.76% and a return on equity of 56.05%. Notably, its quarterly revenue increased by 10.4% year-over-year.
These positive financial indicators are likely to contribute to an overall optimistic outlook for PepsiCo’s performance during this fiscal year, as supported by industry research analysts who anticipate the company to achieve an EPS of around 7.48.
PepsiCo is recognized globally as one of the leading beverage and snack companies operating across more than 200 countries and territories worldwide. The company boasts an extensive portfolio that includes well-known brands such as Pepsi-Cola, Lay’s potato chips, Gatorade sports drinks, Tropicana juices, and Quaker Foods products.
The announcement regarding Global Retirement Partners LLC increasing its stake in PepsiCo underscores confidence in the company’s future prospects and further strengthens its position within the market.
Investors will be closely monitoring PepsiCo’s strategic plans and initiatives as it continues to navigate the competitive landscape of the beverage and snack industry. The company’s ongoing commitment to innovation, marketing, and enhancing its product offerings will undoubtedly play a crucial role in sustaining its growth and profitability.
As developments on the financial front continue to unfold, it will be interesting to observe how PepsiCo leverages its established brands and explores new avenues for expansion in order to maintain its position as a market leader.
In conclusion, Global Retirement Partners LLC has significantly increased its ownership stake in PepsiCo, Inc., reflecting confidence in the company’s performance. With impressive quarterly earnings results surpassing analysts’ expectations, PepsiCo continues to be a formidable player within the beverage and snack industry. As investors await further financial updates, attention remains focused on PepsiCo’s ability to adapt to evolving consumer preferences and capitalize on emerging opportunities for sustained success.
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Large Investors Increase Stake in PepsiCo, Solidifying its Position in the Food and Beverage Industry
October 2, 2023 – In recent months, several large investors have been actively buying and selling shares of PepsiCo, a leading multinational food and beverage company. Bank Julius Baer & Co. Ltd Zurich, one of the prominent investors, significantly increased its stake in PepsiCo during the second quarter. The bank now owns an astonishing 531,509,481 shares of the company’s stock valued at a staggering $98,446,186,000 after purchasing an additional 530,979,425 shares.
Another notable investor, Moneta Group Investment Advisors LLC, also saw a significant rise in its position in PepsiCo during the fourth quarter. The investment advisory firm now holds an impressive 42,876,248 shares of the company’s stock worth $7,746,023,000 after acquiring an additional 42,831,405 shares.
Morgan Stanley is yet another major player that boosted its position in PepsiCo by 21.0% during the fourth quarter. With a total of 26,720,027 shares valued at $4,827,L240,O00 now under its ownership. Morgan Stanley acquired an additional 4,l629,B47 shares.
Geode Capital Management LLC experienced a more subtle increase in its position in PepsiCo by raising it by merely l.9% during the first quarter. Despite this modest growth rate.
Geode Capital Management LLC currently holds26,l26,B23 shares with a total value of $4,T51<555,F%0Oo due to purchasing an extra'N93'f43Krshare^. Finally; Charles Schwab Investment Management Inc., with a stake '*',* l-i-*fitits point-of Sfg.iyram gQ-fuiiy5låVíncrafted 'public disclosure" has astonished market observers_NONVALUABLE_PAGE_or q'i|i|yi,',p[mrZ24X67QC|fM,414>af’reteAlyfo|Dbs-l—-additional 872;qfi4….5q….’.
It i,s_no|v^revealed that the share of institutional investors in PepsiCo amounts to 71.40%.
On Monday’s opening, shares of NASDAQ:PEP began trading at $169.44. With a market capitalization of $233.25 billion, PepsiCo continues to hold its position as a significant player in the food and beverage industry.
The company has a P/E ratio of 29.67, indicating investors’ willingness to pay a premium for each dollar of earnings. Additionally, with a PEG ratio of 2.72 and a beta score of 0.55, PepsiCo demonstrates moderate volatility compared to the broader market.
Over the past year, PepsiCo has experienced a range between its 52-week low of $160.98 and its 52-week high of $196.88.
Analyzing the company’s performance over time, PepsiCo has shown stability with its 50-day simple moving average resting at $180.26 while its two-hundred day simple moving average is slightly higher at $184.12.
In terms of financial health, PepsiCo maintains a debt-to-equity ratio of 2.o2 demonstrating moderate leverage while still ensuring stable financials. The firm also holds liquidity with quick and current ratios standing at’Quick-ratioo+0.E4±Currentr-ratiooafog±respectively;which guarantees ease in covering short-term obligations.
Recently, PepsiCo announced its quarterly dividend payment on Friday, September 29th—an event that attracted considerable attention from shareholders. Investors who held stock as of FridayFSeptember-lstJ received a dividend payment amounted to $1.
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PepsiCo has been the subject of numerous research analyst reports, offering various perspectives on the company’s outlook. Royal Bank of Canada, for instance, raised its price target from $178.00 to $180.00 in a report published on Friday, July 14th.
Similarly, Wedbush; another reputable financial institution, upgraded their price target on PepsiCo from $200.00 to S206: