Traders sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Wednesday. $48.98 million flowed into the stock on the tick-up and $135.06 million flowed out of the stock on the tick-down, for a money net flow of $86.08 million out of the stock. Of all equities tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.29 for the day and closed at $106.75

Several research analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target for the company. in a research report on Wednesday, June 29th. Argus lifted their price target on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. Finally, Susquehanna reiterated a “neutral” rating on shares of PepsiCo in a research report on Sunday, July 10th. One 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 company’s stock. PepsiCo presently has an average rating of “Hold” and a consensus target price of $109.83.

The stock has a market cap of $153.63 billion and a price-to-earnings ratio of 30.16. The stock has a 50-day moving average of $108.46 and a 200-day moving average of $104.09.

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

The company 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. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.82%.

In related news, CEO Laxman Narasimhan sold 3,219 shares of the stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total transaction of $351,225.09. Following the completion of the transaction, the chief executive officer now owns 97,057 shares of the company’s stock, valued at approximately $10,589,889.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 17,221 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $108.27, for a total transaction of $1,864,517.67. Following the transaction, the chief executive officer now directly owns 142,325 shares of the company’s stock, valued at approximately $15,409,527.75. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of PEP. QCI Asset Management Inc. NY boosted its position in PepsiCo by 0.4% in the fourth quarter. QCI Asset Management Inc. NY now owns 137,765 shares of the company’s stock worth $13,765,000 after buying an additional 498 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in PepsiCo by 0.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 294,971 shares of the company’s stock worth $29,474,000 after buying an additional 825 shares during the last quarter. Alerus Investment Advisors Corp boosted its position in PepsiCo by 1.5% in the fourth quarter. Alerus Investment Advisors Corp now owns 61,199 shares of the company’s stock worth $6,115,000 after buying an additional 910 shares during the last quarter. Johnson Financial Group Inc. boosted its position in PepsiCo by 4.8% in the fourth quarter. Johnson Financial Group Inc. now owns 27,956 shares of the company’s stock worth $2,794,000 after buying an additional 1,280 shares during the last quarter. Finally, Vaughan David Investments Inc. IL boosted its position in 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.

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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