Investors sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Friday. $56.63 million flowed into the stock on the tick-up and $121.16 million flowed out of the stock on the tick-down, for a money net flow of $64.53 million out of the stock. Of all equities tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.58 for the day and closed at $107.87

PEP has been the subject of several research analyst reports. Deutsche Bank AG raised their price target on shares of PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 8th. Jefferies Group restated a “buy” rating and set a $124.00 price target (up previously from $119.00) on shares of PepsiCo in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Tuesday, June 21st. Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $110.32 price target for the company in a research note on Tuesday, May 10th. Finally, Argus raised their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $109.83.

The company has a market capitalization of $155.24 billion and a P/E ratio of 30.48. The stock has a 50 day moving average price of $108.33 and a 200-day moving average price of $104.14.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Thursday, July 7th. The company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $15.40 billion for the quarter. During the same quarter last year, the business posted $1.32 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict 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. Investors of record on Friday, September 2nd will be given a dividend of $0.7525 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a yield of 2.79%.

In other PepsiCo news, SVP Marie T. Gallagher sold 13,586 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $109.01, for a total transaction of $1,481,009.86. Following the completion of the sale, the senior vice president now directly owns 58,183 shares of the company’s stock, valued at $6,342,528.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Albert P. Carey sold 170,003 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were 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 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.

A number of hedge funds have made changes to their positions in PEP. Wellington Shields & Co. LLC boosted its stake 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 in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of 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 in the last quarter. Smith Salley & Associates boosted its stake in shares of PepsiCo by 142.9% in the fourth quarter. Smith Salley & Associates now owns 36,346 shares of the company’s stock worth $3,631,000 after buying an additional 21,381 shares in the last quarter. Brown Advisory Securities LLC boosted its stake in shares of PepsiCo by 3.5% in the fourth quarter. Brown Advisory Securities LLC now owns 42,155 shares of the company’s stock worth $4,209,000 after buying an additional 1,408 shares in the last quarter. Finally, Bruderman Asset Management LLC boosted its stake 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 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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