Investors Sell Shares of Pepsico, Inc. (PEP) on Strength (PEP)
Traders sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading hours on Tuesday. $51.79 million flowed into the stock on the tick-up and $82.03 million flowed out of the stock on the tick-down, for a money net flow of $30.24 million out of the stock. Of all stocks tracked, Pepsico had the 0th highest net out-flow for the day. Pepsico traded up $0.03 for the day and closed at $115.87
A number of brokerages have weighed in on PEP. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research report on Wednesday. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Tuesday. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $128.00 price objective on shares of Pepsico in a research note on Thursday, July 13th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.47.
The stock has a market cap of $166.16 billion, a PE ratio of 24.68 and a beta of 0.68. The stock’s 50-day moving average is $116.66 and its 200 day moving average is $114.35.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. Equities research analysts anticipate that Pepsico, Inc. will post $5.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.77%. Pepsico’s dividend payout ratio is currently 68.22%.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Indra K. Nooyi sold 340,449 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the transaction, the chief executive officer now directly owns 733,315 shares in the company, valued at $85,372,532.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 898,164 shares of company stock worth $104,585,929. Insiders own 0.26% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in PEP. Rosenbaum Jay D. increased its holdings in shares of Pepsico by 3.6% during the first quarter. Rosenbaum Jay D. now owns 12,735 shares of the company’s stock worth $1,425,000 after purchasing an additional 445 shares during the period. Moreno Evelyn V increased its holdings in shares of Pepsico by 14.4% during the first quarter. Moreno Evelyn V now owns 59,325 shares of the company’s stock worth $6,636,000 after purchasing an additional 7,465 shares during the period. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Pepsico by 2.4% during the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,587,695 shares of the company’s stock worth $177,593,000 after purchasing an additional 36,867 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new position in shares of Pepsico during the first quarter worth approximately $157,000. Finally, Manning & Napier Advisors LLC increased its holdings in shares of Pepsico by 2.6% during the first quarter. Manning & Napier Advisors LLC now owns 252,332 shares of the company’s stock worth $28,225,000 after purchasing an additional 6,494 shares during the period. 70.16% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Investors Sell Shares of Pepsico, Inc. (PEP) on Strength (PEP)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/07/investors-sell-shares-of-pepsico-inc-pep-on-strength-pep-2.html.
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).