Traders bought shares of PepsiCo Inc. (NYSE:PEP) on weakness during trading hours on Thursday. $70.05 million flowed into the stock on the tick-up and $47.39 million flowed out of the stock on the tick-down, for a money net flow of $22.66 million into the stock. Of all companies tracked, PepsiCo had the 4th highest net in-flow for the day. PepsiCo traded down ($0.34) for the day and closed at $108.48

PEP has been the topic of several analyst reports. Morgan Stanley restated a “buy” rating and set a $119.00 price objective on shares of PepsiCo in a report on Monday, April 18th. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Tuesday, April 19th. Deutsche Bank AG restated a “buy” rating and set a $115.00 price objective on shares of PepsiCo in a report on Saturday, April 23rd. Bank of America Corp. restated 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. Finally, Vetr upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $110.32 price objective on the stock in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $109.83.

The stock has a market capitalization of $156.28 billion and a PE ratio of 30.68. The firm’s 50 day moving average is $107.67 and its 200 day moving average is $103.10.

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

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

In other news, CEO Albert P. Carey sold 170,003 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $108.81, for a total value of $18,498,026.43. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was 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 have modified their holdings of the company. Sei Investments Co. boosted its stake in shares of PepsiCo by 11.4% in the fourth quarter. Sei Investments Co. now owns 596,889 shares of the company’s stock worth $59,641,000 after buying an additional 61,285 shares in the last quarter. Sawgrass Asset Management LLC boosted its stake in shares of PepsiCo by 0.4% in the fourth quarter. Sawgrass Asset Management LLC now owns 17,855 shares of the company’s stock worth $1,784,000 after buying an additional 75 shares in the last quarter. Swiss National Bank boosted its stake in shares of PepsiCo by 0.7% in the fourth quarter. Swiss National Bank now owns 3,509,506 shares of the company’s stock worth $350,670,000 after buying an additional 25,200 shares in the last quarter. Pictet & Cie Europe SA boosted its stake in shares of PepsiCo by 7.4% in the fourth quarter. Pictet & Cie Europe SA now owns 163,140 shares of the company’s stock worth $16,301,000 after buying an additional 11,180 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of PepsiCo by 1.6% in the fourth quarter. Eagle Asset Management Inc. now owns 743,482 shares of the company’s stock worth $74,288,000 after buying an additional 11,579 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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