Investors Buy Pepsico, Inc. (PEP) on Weakness
Traders bought shares of Pepsico, Inc. (NYSE:PEP) on weakness during trading on Friday. $140.81 million flowed into the stock on the tick-up and $84.53 million flowed out of the stock on the tick-down, for a money net flow of $56.28 million into the stock. Of all equities tracked, Pepsico had the 10th highest net in-flow for the day. Pepsico traded down ($1.95) for the day and closed at $115.04
PEP has been the subject of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $133.00 price target (up previously from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. BidaskClub downgraded Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Finally, Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and set a $126.00 price target for the company. in a report on Friday. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Pepsico has an average rating of “Buy” and a consensus target price of $123.47.
The company has a market capitalization of $163.99 billion, a P/E ratio of 24.36 and a beta of 0.68. The firm’s 50-day moving average is $116.70 and its 200 day moving average is $114.37.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the firm earned $1.35 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that Pepsico, Inc. will post $5.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given 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 2.80%. Pepsico’s payout ratio is 68.22%.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock valued at $104,585,929 over the last ninety days. 0.26% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of PEP. Barnett & Company Inc. raised its stake in shares of Pepsico by 270.4% during the 2nd 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. Aviance Capital Management LLC purchased a new position in shares of Pepsico during the 2nd quarter worth approximately $111,000. Asset Planning Services Ltd. raised its stake in shares of Pepsico by 66.1% during the 1st 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 raised its stake in shares of Pepsico by 5.9% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock worth $138,000 after buying an additional 67 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Pepsico by 14.9% during the 1st 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. 70.16% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Investors Buy Pepsico, Inc. (PEP) on Weakness” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/08/investors-buy-pepsico-inc-pep-on-weakness-5.html.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.