Traders Sell Shares of Pepsico (PEP) on Strength (PEP)
Traders sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading hours on Tuesday. $60.81 million flowed into the stock on the tick-up and $171.03 million flowed out of the stock on the tick-down, for a money net flow of $110.22 million out of the stock. Of all stocks tracked, Pepsico had the 6th highest net out-flow for the day. Pepsico traded up $0.56 for the day and closed at $118.61
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Tuesday, August 22nd. Deutsche Bank assumed coverage on shares of Pepsico in a report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. Credit Suisse Group cut shares of Pepsico from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Finally, BidaskClub cut shares of Pepsico from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.73.
The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market capitalization of $168,680.00, a price-to-earnings ratio of 23.28, a PEG ratio of 3.35 and a beta of 0.68.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.71%. Pepsico’s payout ratio is 66.53%.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Pepsico by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after purchasing an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Pepsico by 910.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock valued at $335,840,000 after purchasing an additional 2,620,149 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Pepsico by 11,316.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after purchasing an additional 2,164,557 shares in the last quarter. Stifel Financial Corp grew its position in shares of Pepsico by 7,632.6% during the 3rd quarter. Stifel Financial Corp now owns 1,895,096 shares of the company’s stock valued at $210,972,000 after purchasing an additional 1,870,588 shares in the last quarter. Finally, Sanders Capital LLC grew its position in shares of Pepsico by 73.4% during the 2nd quarter. Sanders Capital LLC now owns 3,857,425 shares of the company’s stock valued at $489,123,000 after purchasing an additional 1,633,325 shares in the last quarter. 70.08% of the stock is currently owned by institutional investors and hedge funds.
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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