Insider Selling: PepsiCo, Inc. (PEP) EVP Sells 12,024 Shares of Stock

PepsiCo, Inc. (NASDAQ:PEP) EVP David Yawman sold 12,024 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the transaction, the executive vice president now directly owns 59,133 shares in the company, valued at $6,326,639.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ PEP opened at $110.29 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.51. The stock has a market capitalization of $152.35 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.70 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The business had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

Several equities analysts have commented on PEP shares. TheStreet raised shares of PepsiCo from a “c+” rating to a “b-” rating in a research report on Friday, July 6th. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Cfra set a $129.00 price target on shares of PepsiCo and gave the company a “buy” rating in a report on Tuesday, July 10th. Morgan Stanley upped their price target on shares of PepsiCo from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. set a $128.00 price target on shares of PepsiCo and gave the company a “buy” rating in a report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.89.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Mainstay Capital Management LLC ADV lifted its stake in PepsiCo by 10,787.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock worth $100,000 after purchasing an additional 10,787 shares during the period. WP Advisors LLC bought a new position in PepsiCo during the second quarter worth about $118,000. WealthTrust Arizona LLC lifted its stake in PepsiCo by 268.7% during the third quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock worth $124,000 after purchasing an additional 806 shares during the period. Well Done LLC bought a new position in PepsiCo during the first quarter worth about $125,000. Finally, Fort L.P. acquired a new stake in shares of PepsiCo during the second quarter worth approximately $125,000. Institutional investors and hedge funds own 70.66% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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