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.

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About Pepsico

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).