Investors Buy High Volume of Pepsico Call Options (PEP)

Pepsico, Inc. (NYSE:PEP) saw unusually large options trading on Wednesday. Traders acquired 1,176 call options on the stock. This is an increase of 536% compared to the average daily volume of 185 call options.

In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of PEP. Vanguard Group Inc. grew its position in Pepsico by 2.4% during the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after buying an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC grew its position in Pepsico by 910.5% during the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock worth $335,840,000 after buying an additional 2,620,149 shares in the last quarter. Sanders Capital LLC acquired a new stake in Pepsico during the first quarter worth approximately $254,277,000. Harbour Capital Advisors LLC grew its position in Pepsico by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after buying an additional 2,164,557 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Pepsico by 7,632.6% during the third quarter. Stifel Financial Corp now owns 1,895,096 shares of the company’s stock worth $210,972,000 after buying an additional 1,870,588 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on PEP shares. Cowen and Company restated a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, August 22nd. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $135.00 price objective on shares of Pepsico in a research note on Monday, October 2nd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $122.00 price objective (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $121.35.

Pepsico (NYSE PEP) opened at $114.68 on Monday. Pepsico has a 12-month low of $98.50 and a 12-month high of $119.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market capitalization of $163,091.36, a P/E ratio of 22.40, a PEG ratio of 3.12 and a beta of 0.66.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the 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 company had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts expect that Pepsico will post 5.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%. Pepsico’s dividend payout ratio is currently 66.53%.

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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).

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