Traders 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

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

The company has a market cap of $155.24 billion and a price-to-earnings 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 announced its quarterly earnings data on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) 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. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. 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. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, August 31st.

In other news, CEO Albert P. Carey sold 170,003 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 306,138 shares in the company, valued at $33,310,875.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was 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 owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Wellington Shields & Co. LLC boosted its position in PepsiCo by 10.6% in the fourth quarter. Wellington Shields & Co. LLC now owns 14,665 shares of the company’s stock valued at $1,465,000 after buying an additional 1,400 shares in 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 valued at $2,794,000 after buying an additional 1,280 shares in the last quarter. Smith Salley & Associates boosted its position in PepsiCo by 142.9% in the fourth quarter. Smith Salley & Associates now owns 36,346 shares of the company’s stock valued at $3,631,000 after buying an additional 21,381 shares in the last quarter. Brown Advisory Securities LLC boosted its position in PepsiCo by 3.5% in the fourth quarter. Brown Advisory Securities LLC now owns 42,155 shares of the company’s stock valued at $4,209,000 after buying an additional 1,408 shares in the last quarter. Finally, Bruderman Asset Management LLC boosted its position in PepsiCo by 3.1% in the fourth quarter. Bruderman Asset Management LLC now owns 43,970 shares of the company’s stock valued at $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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