Investors Sell PepsiCo Inc. (PEP) on Strength (PEP)
Traders sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading hours on Tuesday. $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 companies 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
A number of equities research analysts have issued reports on PEP shares. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Tuesday, May 3rd. Jefferies Group reissued a “buy” rating and set a $124.00 target price (up previously from $119.00) on shares of PepsiCo in a report on Wednesday, July 6th. Vetr raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $110.32 target price on the stock in a report on Tuesday, May 10th. Deutsche Bank AG boosted their target price on shares of PepsiCo from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 8th. Finally, Argus boosted their target price on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus target price of $109.83.
The company’s 50-day moving average is $108.52 and its 200 day moving average is $104.07. The stock has a market capitalization of $153.21 billion and a PE ratio of 30.0812.
PepsiCo (NYSE:PEP) last announced its quarterly 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. The company earned $15.40 billion during the quarter. During the same quarter in the prior year, the company posted $1.32 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. On average, analysts predict 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. Shareholders 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 2.81%.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Albert P. Carey sold 170,003 shares of PepsiCo stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total transaction of $18,498,026.43. Following the completion of the transaction, the chief executive officer now directly owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The disclosure for this sale can be found here.
Several institutional investors have modified their holdings of PEP. Gulf International Bank UK Ltd boosted its position in shares of PepsiCo by 1.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 437,631 shares of the company’s stock worth $43,728,000 after buying an additional 6,800 shares during the last quarter. RiverFront Investment Group LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $16,377,000. Vaughan David Investments Inc. IL boosted its position in shares of PepsiCo by 0.5% in the fourth quarter. Vaughan David Investments Inc. IL now owns 241,393 shares of the company’s stock worth $24,120,000 after buying an additional 1,282 shares during the last quarter. Bruderman Asset Management LLC boosted its position in shares of PepsiCo by 3.1% in the fourth quarter. Bruderman Asset Management LLC now owns 43,970 shares of the company’s stock worth $4,393,000 after buying an additional 1,307 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its position in shares of PepsiCo by 10.6% in the fourth quarter. Wellington Shields & Co. LLC now owns 14,665 shares of the company’s stock worth $1,465,000 after buying an additional 1,400 shares during 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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