Investors Sell PepsiCo (PEP) on Strength (PEP)

Traders sold shares of PepsiCo, Inc. (NASDAQ:PEP) on strength during trading hours on Monday. $76.42 million flowed into the stock on the tick-up and $171.31 million flowed out of the stock on the tick-down, for a money net flow of $94.89 million out of the stock. Of all companies tracked, PepsiCo had the 24th highest net out-flow for the day. PepsiCo traded up $0.75 for the day and closed at $111.93

Several analysts have issued reports on the stock. Susquehanna Bancshares raised their price objective on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday. Credit Suisse Group reaffirmed a “neutral” rating and set a $124.00 target price (up from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. SunTrust Banks assumed coverage on shares of PepsiCo in a research report on Monday, January 29th. They set a “hold” rating and a $125.00 target price on the stock. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Cowen reaffirmed a “buy” rating and set a $133.00 target price on shares of PepsiCo in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $123.77.

The firm has a market cap of $159,180.00, a price-to-earnings ratio of 23.13, a PEG ratio of 2.87 and a beta of 0.62. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s payout ratio is 66.53%.

A number of hedge funds have recently modified their holdings of the stock. Tompkins Financial Corp increased its holdings in PepsiCo by 1.2% during the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock valued at $4,153,000 after buying an additional 421 shares during the period. Courier Capital LLC grew its holdings in PepsiCo by 0.6% in the fourth quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after purchasing an additional 430 shares during the last quarter. Bremer Trust National Association grew its holdings in PepsiCo by 6.9% in the fourth quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after purchasing an additional 435 shares during the last quarter. Perkins Coie Trust Co grew its holdings in PepsiCo by 1.5% in the fourth quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after purchasing an additional 435 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its holdings in PepsiCo by 2.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after purchasing an additional 450 shares during the last quarter. 70.03% of the stock is currently owned by institutional investors.

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PepsiCo Company Profile

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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