Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Thursday. $55.25 million flowed into the stock on the tick-up and $85.53 million flowed out of the stock on the tick-down, for a money net flow of $30.28 million out of the stock. Of all stocks tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.65 for the day and closed at $108.13

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Vetr cut shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target for the company. in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $112.00 price target (up previously from $110.00) on shares of PepsiCo in a research note on Tuesday, April 19th. Morgan Stanley reissued a “buy” rating and issued a $119.00 price target on shares of PepsiCo in a research note on Monday, April 18th. Finally, Argus increased their price target on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $109.68.

The company’s 50-day moving average price is $106.25 and its 200-day moving average price is $102.22. The company has a market cap of $156.75 billion and a PE ratio of 30.78.

PepsiCo (NYSE:PEP) last released its earnings results on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. During the same period last year, the firm posted $1.32 EPS. The company earned $15.40 billion during the quarter. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict that PepsiCo Inc. will post $4.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a yield of 2.76%.

In related news, CEO Laxman Narasimhan sold 3,219 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total value of $351,225.09. Following the completion of the sale, the chief executive officer now directly owns 97,057 shares in the company, valued at $10,589,889.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the sale, the executive vice president now owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Security National Bank of SO Dak increased its stake in PepsiCo by 3.4% in the fourth quarter. Security National Bank of SO Dak now owns 16,553 shares of the company’s stock worth $1,654,000 after buying an additional 545 shares during the last quarter. Westport Resources Management Inc. increased its stake in PepsiCo by 1.5% in the fourth quarter. Westport Resources Management Inc. now owns 27,518 shares of the company’s stock valued at $2,750,000 after buying an additional 395 shares in the last quarter. Financial Partners Capital Management LLC increased its stake in PepsiCo by 131.8% in the fourth quarter. Financial Partners Capital Management LLC now owns 14,359 shares of the company’s stock valued at $1,435,000 after buying an additional 8,164 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in PepsiCo by 43.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 790,718 shares of the company’s stock valued at $79,009,000 after buying an additional 239,266 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its stake in PepsiCo by 0.3% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 37,630 shares of the company’s stock valued at $3,760,000 after buying an additional 120 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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