Investors Sell Shares of Pepsico (PEP) on Strength (PEP)

Investors sold shares of Pepsico, Inc. (NASDAQ:PEP) on strength during trading hours on Tuesday. $67.86 million flowed into the stock on the tick-up and $129.88 million flowed out of the stock on the tick-down, for a money net flow of $62.02 million out of the stock. Of all stocks tracked, Pepsico had the 0th highest net out-flow for the day. Pepsico traded up $0.48 for the day and closed at $117.86

PEP has been the subject of a number of analyst reports. Jefferies Group cut Pepsico from a “buy” rating to a “hold” rating and cut their price objective for the company from $133.00 to $108.00 in a report on Monday, October 2nd. Zacks Investment Research cut Pepsico from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Deutsche Bank reaffirmed a “buy” rating and issued a $122.00 price target (down from $125.00) on shares of Pepsico in a report on Friday, October 6th. Cowen reaffirmed a “buy” rating and issued a $133.00 price target on shares of Pepsico in a report on Tuesday, January 9th. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and issued a $135.00 price target on shares of Pepsico in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $123.18.

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $169,490.00, a price-to-earnings ratio of 24.60, a PEG ratio of 3.04 and a beta of 0.68.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 1st were issued a dividend of $0.805 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.22 annualized dividend and a yield of 2.70%. Pepsico’s dividend payout ratio is currently 66.53%.

A number of large investors have recently made changes to their positions in the business. Berkshire Asset Management LLC PA raised its holdings in Pepsico by 65.4% during the 4th quarter. Berkshire Asset Management LLC PA now owns 17,676 shares of the company’s stock worth $2,120,000 after purchasing an additional 6,986 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Pepsico by 3.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock worth $974,344,000 after purchasing an additional 252,631 shares during the last quarter. Coastline Trust Co raised its holdings in Pepsico by 23.4% during the 4th quarter. Coastline Trust Co now owns 43,686 shares of the company’s stock worth $5,239,000 after purchasing an additional 8,275 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in Pepsico by 138.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 17,883 shares of the company’s stock worth $2,145,000 after purchasing an additional 10,397 shares during the last quarter. Finally, Sky Investment Group LLC raised its holdings in Pepsico by 1.2% during the 4th quarter. Sky Investment Group LLC now owns 66,910 shares of the company’s stock worth $8,024,000 after purchasing an additional 765 shares during the last quarter. 70.24% of the stock is owned by hedge funds and other institutional investors.

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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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