Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading hours on Wednesday. $33.76 million flowed into the stock on the tick-up and $53.90 million flowed out of the stock on the tick-down, for a money net flow of $20.14 million out of the stock. Of all equities tracked, PepsiCo had the 21st highest net out-flow for the day. PepsiCo traded up $0.54 for the day and closed at $108.82

Several analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a research report on Wednesday. Zacks Investment Research downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Vetr downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price objective for the company. in a research report on Wednesday, June 29th. Morgan Stanley reaffirmed a “buy” rating and set a $119.00 price objective on shares of PepsiCo in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $112.00 price objective (up previously from $110.00) on shares of PepsiCo in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $109.83.

The stock has a market capitalization of $156.61 billion and a P/E ratio of 30.75. The firm has a 50 day moving average of $107.42 and a 200 day moving average of $102.97.

PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, July 7th. The company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm earned $15.40 billion during the quarter. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo Inc. will post $4.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.01 annualized dividend and a yield of 2.77%.

In other news, CEO Albert P. Carey sold 170,003 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total value of $18,498,026.43. Following the sale, the chief executive officer now directly owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ramon Laguarta sold 17,221 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $108.27, for a total value of $1,864,517.67. Following the completion of the sale, the chief executive officer now directly owns 142,325 shares in the company, valued at $15,409,527.75. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in PEP. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in PepsiCo by 0.8% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 10,262 shares of the company’s stock worth $1,025,000 after buying an additional 86 shares in the last quarter. IFC Holdings Incorporated FL boosted 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. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in PepsiCo by 5.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 10,912 shares of the company’s stock worth $1,090,000 after buying an additional 532 shares in the last quarter. Private Capital Management Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $1,129,000. Finally, ARGI Investment Services LLC boosted its stake in PepsiCo by 2.7% in the fourth quarter. ARGI Investment Services LLC now owns 11,623 shares of the company’s stock worth $1,161,000 after buying an additional 310 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.