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.

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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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