Integrity Alliance LLC. Sells 11,641 Shares of PepsiCo, Inc. $PEP

Integrity Alliance LLC. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 62.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,954 shares of the company’s stock after selling 11,641 shares during the period. Integrity Alliance LLC.’s holdings in PepsiCo were worth $918,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC boosted its position in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 1.0%

NASDAQ PEP opened at $146.09 on Friday. The stock’s 50 day moving average is $145.80 and its 200 day moving average is $139.73. The company has a current ratio of 0.91, a quick ratio of 0.72 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 $167.96. The stock has a market cap of $199.75 billion, a PE ratio of 27.77, a P/E/G ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results 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 return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm earned $2.31 EPS. 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. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday, October 23rd. Evercore ISI raised their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. HSBC boosted their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Finally, Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.