Pepsico Target of Unusually Large Options Trading (PEP)

Pepsico, Inc. (NYSE:PEP) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 1,176 call options on the stock. This represents an increase of 536% compared to the typical volume of 185 call options.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Pepsico by 2.4% during the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after buying an additional 2,635,738 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Pepsico by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 12,699,308 shares of the company’s stock worth $1,466,839,000 after buying an additional 306,675 shares during the last quarter. FMR LLC grew its stake in shares of Pepsico by 8.3% during the second quarter. FMR LLC now owns 8,043,420 shares of the company’s stock worth $928,934,000 after buying an additional 618,813 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Pepsico by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock worth $898,725,000 after buying an additional 238,221 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Pepsico by 7.0% during the second quarter. Alliancebernstein L.P. now owns 6,568,054 shares of the company’s stock worth $758,545,000 after buying an additional 428,728 shares during the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

PEP has been the topic of several recent research reports. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Pepsico in a report on Wednesday, July 12th. Credit Suisse Group raised their target price on shares of Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 target price (up from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. Cowen and Company reaffirmed an “outperform” rating and set a $128.00 target price on shares of Pepsico in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Friday, July 14th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $121.35.

Pepsico (NYSE:PEP) opened at $110.22 on Monday. The stock has a market cap of $156,748.59, a P/E ratio of 21.53, a P/E/G ratio of 3.00 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico has a one year low of $98.50 and a one year high of $119.39.

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

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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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