Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading hours on Thursday. $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 stocks 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 brokerages have commented on PEP. Credit Agricole SA reiterated an “outperform” rating on shares of PepsiCo in a research report on Monday, August 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $118.00 price target on shares of PepsiCo in a research report on Wednesday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Argus boosted their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. PepsiCo currently has an average rating of “Hold” and an average target price of $109.83.

The company has a market capitalization of $154.41 billion and a PE ratio of 30.32. The firm has a 50 day moving average of $108.39 and a 200-day moving average of $104.11.

PepsiCo (NYSE:PEP) last released its 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 company earned $15.40 billion during the quarter. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 earnings per share. Equities research analysts predict that PepsiCo Inc. will post $4.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, August 31st.

In other news, CEO Albert P. Carey sold 170,003 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now 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 the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total value of $351,225.09. Following the sale, the chief executive officer now directly owns 97,057 shares in the company, valued at approximately $10,589,889.27. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in PEP. Alerus Investment Advisors Corp raised its stake 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 in the last quarter. Alleghany Corp DE acquired a new stake in PepsiCo during the fourth quarter worth approximately $25,480,000. Gulf International Bank UK Ltd raised its stake in 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 in the last quarter. RiverFront Investment Group LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $16,377,000. Finally, Vaughan David Investments Inc. IL raised its stake 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 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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