Traders sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Thursday. $213.95 million flowed into the stock on the tick-up and $236.14 million flowed out of the stock on the tick-down, for a money net flow of $22.19 million out of the stock. Of all equities tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $1.57 for the day and closed at $107.49

Several research firms have recently commented on PEP. Deutsche Bank AG raised their price objective on PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Vetr downgraded PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price on the stock. in a research note on Wednesday, June 29th. Morgan Stanley reissued a “buy” rating and set a $119.00 target price on shares of PepsiCo in a research note on Monday, April 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $112.00 target price (up previously from $110.00) on shares of PepsiCo in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $108.63.

The firm has a 50 day moving average of $103.24 and a 200 day moving average of $101.23. The stock has a market capitalization of $156.39 billion and a price-to-earnings ratio of 30.92.

PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, July 7th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. During the same period in the prior year, the firm earned $1.32 earnings per share. The firm had revenue of $15.40 billion for the quarter. PepsiCo’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts predict that PepsiCo Inc. will post $4.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd were issued a dividend of $0.7525 per share. The ex-dividend date was Wednesday, June 1st. This is a boost from PepsiCo’s previous quarterly dividend of $0.70. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.78%.

In related news, CEO Indra K. Nooyi sold 304,220 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $103.31, for a total value of $31,428,968.20. Following the completion of the sale, the chief executive officer now owns 649,818 shares of the company’s stock, valued at $67,132,697.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Cynthia Trudell sold 8,000 shares of the stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $104.23, for a total value of $833,840.00. Following the completion of the sale, the executive vice president now directly owns 39,592 shares of the company’s stock, valued at approximately $4,126,674.16. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of the stock. Swiss National Bank boosted its stake in PepsiCo by 0.7% in the fourth quarter. Swiss National Bank now owns 3,509,506 shares of the company’s stock valued at $350,670,000 after buying an additional 25,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PepsiCo by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,100,373 shares of the company’s stock valued at $309,815,000 after buying an additional 142,355 shares in the last quarter. Russell Frank Co boosted its stake in PepsiCo by 16.6% in the fourth quarter. Russell Frank Co now owns 3,020,031 shares of the company’s stock valued at $305,507,000 after buying an additional 429,451 shares in the last quarter. California State Teachers Retirement System boosted its stake in PepsiCo by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 2,735,306 shares of the company’s stock valued at $273,312,000 after buying an additional 43,591 shares in the last quarter. Finally, US Bancorp DE boosted its stake in PepsiCo by 0.4% in the fourth quarter. US Bancorp DE now owns 2,647,247 shares of the company’s stock valued at $264,514,000 after buying an additional 9,409 shares in the last quarter.

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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