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

Investors sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading 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 0th highest net out-flow for the day. Pepsico traded up $1.13 for the day and closed at $118.97

A number of equities analysts have recently issued reports on PEP shares. Jefferies Group LLC reiterated a “buy” rating and issued a $133.00 price target (up previously from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Vetr upgraded shares of Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price target for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada set a $115.00 price target on shares of Pepsico and gave the company a “hold” rating in a report on Monday, April 24th. Finally, Barclays PLC reiterated a “hold” rating and issued a $113.00 price target on shares of Pepsico in a report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $123.40.

The stock has a 50 day moving average of $116.04 and a 200-day moving average of $113.18. The stock has a market cap of $169.78 billion, a P/E ratio of 25.22 and a beta of 0.67. Pepsico also saw some unusual options trading on Wednesday. Stock investors acquired 1,176 call options on the company. This represents an increase of approximately 536% compared to the typical daily volume of 185 call options.

Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $15.71 billion for 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 firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Equities analysts predict that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.70%. Pepsico’s dividend payout ratio is 68.22%.

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

Several institutional investors have recently modified their holdings of the stock. Asset Planning Services Ltd. increased its position in shares of 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 in the last quarter. Accurate Investment Solutions Inc. increased its position in shares of 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 in the last quarter. Northwest Wealth Management LLC increased its position in shares of 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 in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Pepsico by 0.3% in the second quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock valued at $541,000 after buying an additional 12 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its stake in shares of Pepsico by 0.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after buying an additional 14 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

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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).

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