Traders Sell Pepsico (PEP) on Strength (PEP)

Traders sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading hours 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 companies tracked, Pepsico had the 0th highest net out-flow for the day. Pepsico traded up $0.49 for the day and closed at $116.52

A number of analysts have commented on the company. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, August 22nd. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Pepsico in a report on Monday, October 2nd. Jefferies Group lowered Pepsico from a “buy” rating to a “hold” rating and cut their price objective for the stock from $133.00 to $108.00 in a report on Monday, October 2nd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a report on Thursday, October 5th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Pepsico presently has a consensus rating of “Buy” and a consensus target price of $121.35.

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 firm has a market cap of $165,750.77, a price-to-earnings ratio of 22.76, a P/E/G ratio of 3.17 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. Pepsico’s revenue for the quarter was up 1.3% on a year-over-year basis. research analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. 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 business’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 Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PEP. Grove Bank & Trust lifted its position in shares of Pepsico by 41.6% in the second quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock valued at $1,313,000 after acquiring an additional 3,339 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Pepsico by 20.4% in the second quarter. Wedbush Securities Inc. now owns 17,247 shares of the company’s stock valued at $1,992,000 after acquiring an additional 2,922 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Pepsico by 3.8% in the second quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after acquiring an additional 2,905 shares in the last quarter. Pioneer Investment Management Inc. lifted its position in shares of Pepsico by 2.1% in the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after acquiring an additional 91,851 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Pepsico by 4.0% in the second quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after acquiring an additional 265 shares in the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/02/traders-sell-pepsico-pep-on-strength-pep.html.

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).

Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply