Traders Sell Pepsico, Inc. (PEP) on Strength (PEP)

Traders sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading hours on Tuesday. $47.76 million flowed into the stock on the tick-up and $75.09 million flowed out of the stock on the tick-down, for a money net flow of $27.33 million out of the stock. Of all stocks tracked, Pepsico had the 27th highest net out-flow for the day. Pepsico traded up $1.13 for the day and closed at $118.97

Several research analysts recently weighed in on PEP shares. Jefferies Group LLC reissued a “buy” rating and issued a $133.00 target price (up previously from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Vetr raised shares of Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 target price for the company in a research note on Wednesday, May 3rd. Royal Bank Of Canada set a $115.00 target price on shares of Pepsico and gave the company a “hold” rating in a research note on Monday, April 24th. Finally, Barclays PLC reissued a “hold” rating and issued a $113.00 target price on shares of Pepsico in a research note on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.40.

The stock has a market capitalization of $169.59 billion, a price-to-earnings ratio of 25.19 and a beta of 0.67. The stock has a 50 day moving average price of $115.94 and a 200 day moving average price of $113.14.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 EPS. On average, equities analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.

In other news, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the completion of the sale, the chairman now directly owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the sale, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock valued at $104,585,929 over the last ninety days. Company insiders own 0.26% of the company’s stock.

Large investors have recently bought and sold shares of the company. Asset Planning Services Ltd. increased its stake in Pepsico by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after buying an additional 3 shares during the period. Accurate Investment Solutions Inc. increased its stake in Pepsico by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after buying an additional 5 shares during the period. Northwest Wealth Management LLC increased its stake in Pepsico by 0.4% in the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after buying an additional 11 shares during the period. Sunbelt Securities Inc. increased its stake in Pepsico by 0.3% in the second quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock worth $541,000 after buying an additional 12 shares during the period. Finally, Gierl Augustine Investment Management Inc increased its stake in Pepsico by 0.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock worth $207,000 after buying an additional 14 shares during the period. 70.19% of the stock is owned by institutional investors.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).