Traders Sell Shares of Pepsico (PEP) on Strength (PEP)
Traders sold shares of Pepsico, Inc. (NASDAQ:PEP) on strength during trading on Monday. $39.69 million flowed into the stock on the tick-up and $89.75 million flowed out of the stock on the tick-down, for a money net flow of $50.06 million out of the stock. Of all stocks tracked, Pepsico had the 0th highest net out-flow for the day. Pepsico traded up $0.34 for the day and closed at $118.60
PEP has been the subject of a number of research reports. Deutsche Bank initiated coverage on Pepsico in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective for the company. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $122.73.
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 has a market cap of $168,650.00, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68.
Pepsico (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share 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 for the quarter, compared to analysts’ expectations of $16.35 billion. During the same quarter in the previous year, the business posted $1.40 EPS. Pepsico’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders 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 dividend yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
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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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