Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Monday. $38.37 million flowed into the stock on the tick-up and $67.03 million flowed out of the stock on the tick-down, for a money net flow of $28.66 million out of the stock. Of all equities tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.54 for the day and closed at $107.99

Several research firms have commented on PEP. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Credit Agricole SA reissued an “outperform” rating on shares of PepsiCo in a research report on Tuesday, May 17th. Vetr lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $104.63 price target for the company. in a research report on Wednesday, June 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 price target on shares of PepsiCo in a research report on Wednesday, August 10th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $109.83.

The stock’s 50 day moving average price is $108.57 and its 200-day moving average price is $104.01. The company has a market cap of $155.41 billion and a PE ratio of 30.51.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. During the same quarter in the prior year, the company earned $1.32 EPS. The company earned $15.40 billion during the quarter. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts expect that PepsiCo Inc. will post $4.76 earnings per share for the current fiscal year.

The business 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 $0.7525 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.79%.

In related news, CEO Laxman Narasimhan sold 3,219 shares of the stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Albert P. Carey sold 170,003 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 306,138 shares in the company, valued at $33,310,875.78. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in PepsiCo by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 10,779,695 shares of the company’s stock valued at $1,077,245,000 after buying an additional 96,706 shares during the period. Brown Advisory Inc. increased its position in PepsiCo by 3.5% in the fourth quarter. Brown Advisory Inc. now owns 1,046,521 shares of the company’s stock valued at $104,568,000 after buying an additional 35,368 shares during the period. Robeco Institutional Asset Management B.V. increased its position in PepsiCo by 11.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 865,137 shares of the company’s stock valued at $86,446,000 after buying an additional 90,403 shares during the period. American International Group Inc. increased its position in PepsiCo by 0.7% in the fourth quarter. American International Group Inc. now owns 813,573 shares of the company’s stock valued at $81,293,000 after buying an additional 5,593 shares during the period. Finally, GAM Holding AG increased its position in PepsiCo by 1.0% in the fourth quarter. GAM Holding AG now owns 495,218 shares of the company’s stock valued at $49,482,000 after buying an additional 4,760 shares during the period.

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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