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.
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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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