Investors Sell Pepsico (PEP) on Strength (PEP)
Investors sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading on Thursday. $83.60 million flowed into the stock on the tick-up and $284.94 million flowed out of the stock on the tick-down, for a money net flow of $201.34 million out of the stock. Of all stocks tracked, Pepsico had the 15th highest net out-flow for the day. Pepsico traded up $0.49 for the day and closed at $116.52
Several equities research analysts recently issued reports on the company. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Tuesday, August 22nd. Susquehanna Bancshares reissued a “buy” rating and set a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Jefferies Group lowered Pepsico from a “buy” rating to a “hold” rating and dropped their price target for the company from $133.00 to $108.00 in a research report on Monday, October 2nd. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 price target (down from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $121.35.
The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $166,063.63, a PE ratio of 22.81, a PEG ratio of 3.17 and a beta of 0.66.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts expect that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio is presently 66.53%.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Asset Planning Services Ltd. increased its holdings in shares of Pepsico by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock valued at $116,000 after purchasing an additional 3 shares during the period. Accurate Investment Solutions Inc. increased its holdings in shares of Pepsico by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock valued at $214,000 after purchasing an additional 5 shares during the period. Northwest Wealth Management LLC increased its holdings in shares of Pepsico by 0.4% during the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock valued at $290,000 after purchasing an additional 11 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Pepsico by 0.3% during the second quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock valued at $541,000 after purchasing an additional 12 shares during the period. Finally, Willingdon Wealth Management increased its holdings in shares of Pepsico by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after purchasing an additional 16 shares during the period. 70.50% of the stock is currently owned by hedge funds and other institutional investors.
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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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