Pepsico, Inc. (NYSE:PEP) SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Pepsico, Inc. (NYSE:PEP) opened at 116.51 on Friday. The firm has a market cap of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24. The stock has a 50 day moving average price of $115.87 and a 200 day moving average price of $112.81.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The company 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%. Pepsico’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. On average, analysts anticipate that Pepsico, Inc. will post $5.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.76%. Pepsico’s payout ratio is 68.22%.
Several equities research analysts recently weighed in on the stock. Jefferies Group LLC upped their price objective on shares of Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. BMO Capital Markets downgraded Pepsico from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 target price on shares of Pepsico in a research note on Thursday, May 25th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $133.00 target price (down previously from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $123.40.
A number of hedge funds have recently added to or reduced their stakes in PEP. Barnett & Company Inc. increased its stake in Pepsico by 270.4% in the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after buying an additional 657 shares during the last quarter. Asset Planning Services Ltd. increased its stake in Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Pepsico during the fourth quarter worth $125,000. Riggs Asset Managment Co. Inc. increased its stake in Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares during the last quarter. Finally, Israel Discount Bank of New York GFN purchased a new stake in Pepsico during the fourth quarter worth $150,000. Institutional investors own 70.52% of the company’s stock.
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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