Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading hours on Thursday. $50.60 million flowed into the stock on the tick-up and $74.25 million flowed out of the stock on the tick-down, for a money net flow of $23.65 million out of the stock. Of all stocks tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.38 for the day and closed at $108.42

PEP has been the topic of several analyst reports. Vetr raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $109.87 target price on the stock in a report on Monday, April 11th. Stifel Nicolaus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $107.62 to $103.13 in a report on Thursday, April 14th. They noted that the move was a valuation call. Susquehanna reaffirmed a “hold” rating and issued a $105.00 target price on shares of PepsiCo in a report on Thursday, April 14th. First Global raised shares of PepsiCo from a “marketperform” rating to an “outperform” rating in a report on Thursday, April 14th. Finally, Bank of America Corp. reissued a “buy” rating and set a $112.00 price objective (up previously from $105.00) on shares of PepsiCo in a report on Friday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. PepsiCo presently has an average rating of “Hold” and an average price target of $109.68.

The stock has a 50 day moving average of $107.01 and a 200-day moving average of $102.63. The firm has a market capitalization of $156.38 billion and a P/E ratio of 30.70.

PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Thursday, July 7th. The company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The business had revenue of $15.40 billion for the quarter. During the same period last year, the business posted $1.32 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that PepsiCo Inc. will post $4.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.7525 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.77%.

In other news, SVP Marie T. Gallagher sold 13,586 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $109.01, for a total transaction of $1,481,009.86. Following the completion of the transaction, the senior vice president now owns 58,183 shares in the company, valued at approximately $6,342,528.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total transaction of $351,225.09. Following the transaction, the chief executive officer now owns 97,057 shares of the company’s stock, valued at approximately $10,589,889.27. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of PEP. Parsec Financial Management Inc. raised its stake in PepsiCo by 0.7% in the fourth quarter. Parsec Financial Management Inc. now owns 172,667 shares of the company’s stock worth $17,253,000 after buying an additional 1,254 shares in the last quarter. Formidable Asset Management LLC raised its stake in PepsiCo by 3.5% in the fourth quarter. Formidable Asset Management LLC now owns 15,358 shares of the company’s stock worth $1,527,000 after buying an additional 516 shares in the last quarter. Denver Investment Advisors LLC raised its stake in PepsiCo by 3.4% in the fourth quarter. Denver Investment Advisors LLC now owns 32,933 shares of the company’s stock worth $3,291,000 after buying an additional 1,080 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in PepsiCo by 7.0% in the fourth quarter. IFC Holdings Incorporated FL now owns 10,641 shares of the company’s stock worth $1,059,000 after buying an additional 700 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its stake in PepsiCo by 1.9% in the fourth quarter. Banque Pictet & Cie SA now owns 1,630,354 shares of the company’s stock worth $162,905,000 after buying an additional 30,067 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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