Pepsico, Inc. (PEP) SVP Sells $4,844,670.53 in Stock
Pepsico, Inc. (NYSE:PEP) SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Pepsico, Inc. (NYSE PEP) traded down 0.07% on Wednesday, reaching $116.63. 2,513,820 shares of the company traded hands. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24. The stock has a market capitalization of $166.26 billion, a price-to-earnings ratio of 24.70 and a beta of 0.67. The stock’s 50-day moving average is $115.94 and its 200-day moving average is $112.32.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Pepsico, Inc. will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.76%. Pepsico’s dividend payout ratio is currently 68.22%.
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A number of hedge funds have recently made changes to their positions in PEP. Barnett & Company Inc. boosted its stake in shares of Pepsico by 270.4% in the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after buying an additional 657 shares in the last quarter. Asset Planning Services Ltd. boosted its stake in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Pepsico during the fourth quarter worth approximately $125,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares in the last quarter. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of Pepsico during the fourth quarter worth approximately $150,000. 70.52% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on PEP. UBS AG upgraded shares of Pepsico from a “neutral” rating to a “positive” rating in a research note on Wednesday, April 12th. Zacks Investment Research lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target for the company in a research note on Wednesday, April 26th. BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research note on Thursday, May 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Pepsico currently has an average rating of “Buy” and a consensus target price of $123.04.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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