Pepsico Sees Unusually Large Options Volume (PEP)

Pepsico, Inc. (NYSE:PEP) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 1,176 call options on the company. This represents an increase of approximately 536% compared to the typical volume of 185 call options.

In related news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

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

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada restated a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Stifel Nicolaus restated a “hold” rating and issued a $116.00 price target on shares of Pepsico in a research note on Friday, October 13th. Deutsche Bank restated a “buy” rating and issued a $122.00 price target (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Finally, Credit Suisse Group restated a “hold” rating and issued a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Pepsico presently has a consensus rating of “Buy” and an average price target of $121.96.

Pepsico (NYSE:PEP) traded up $0.13 during mid-day trading on Tuesday, reaching $117.59. 3,198,612 shares of the company’s stock traded hands, compared to its average volume of 3,667,118. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. Pepsico has a 12-month low of $100.81 and a 12-month high of $119.39. The company has a market capitalization of $166,077.84, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. equities research analysts predict that Pepsico will post 5.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.74%. 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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