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

Investors sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading on Thursday. $49.54 million flowed into the stock on the tick-up and $90.46 million flowed out of the stock on the tick-down, for a money net flow of $40.92 million out of the stock. Of all stocks tracked, Pepsico had the 0th highest net out-flow for the day. Pepsico traded up $0.13 for the day and closed at $115.23

PEP has been the subject of several recent research reports. Zacks Investment Research lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BMO Capital Markets reiterated a “hold” rating and set a $120.00 target price on shares of Pepsico in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 target price on shares of Pepsico in a research note on Wednesday, September 6th. Finally, Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Pepsico currently has an average rating of “Buy” and a consensus price target of $121.35.

The company has a market capitalization of $163,870.00, a PE ratio of 22.61, a PEG ratio of 3.15 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35.

Pepsico (NYSE:PEP) last announced its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. Pepsico’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. sell-side analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%. Pepsico’s dividend payout ratio is presently 66.53%.

In related news, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Pepsico by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after acquiring an additional 2,635,738 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Pepsico by 7.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,841,076 shares of the company’s stock valued at $1,876,600,000 after acquiring an additional 1,148,915 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Pepsico by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,699,308 shares of the company’s stock valued at $1,466,839,000 after acquiring an additional 306,675 shares during the last quarter. FMR LLC lifted its holdings in Pepsico by 8.3% in the 2nd quarter. FMR LLC now owns 8,043,420 shares of the company’s stock valued at $928,934,000 after acquiring an additional 618,813 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Pepsico by 1.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 7,873,528 shares of the company’s stock valued at $877,348,000 after acquiring an additional 91,693 shares during the last quarter. Hedge funds and other institutional investors own 70.54% of the company’s stock.

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About Pepsico

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).

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