Intrua Financial LLC Reduces Holdings in PepsiCo, Inc. $PEP

Intrua Financial LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,462 shares of the company’s stock after selling 351 shares during the period. Intrua Financial LLC’s holdings in PepsiCo were worth $1,381,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC grew its position in shares of 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 in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $45,000. Finally, Investment Research & Advisory Group Inc. lifted its position in 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 buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PEP. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Bank of America upped their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. HSBC lifted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Rothschild & Co Redburn increased their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 0.4%

Shares of PEP stock opened at $145.02 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $166.88. The firm has a market cap of $198.29 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a 50-day moving average of $144.96 and a two-hundred day moving average of $139.91. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.