Pepsico, Inc. (NYSE:PEP) insider Ramon Laguarta sold 21,449 shares of the firm’s 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 legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Pepsico, Inc. (NYSE:PEP) traded up 0.84% on Thursday, reaching $112.45. The company’s stock had a trading volume of 3,286,859 shares. The company has a market capitalization of $159.92 billion, a price-to-earnings ratio of 23.24 and a beta of 0.68. The company’s 50-day moving average is $113.49 and its 200 day moving average is $114.72. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39.
Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 earnings per share. Equities analysts anticipate that Pepsico, Inc. will post $5.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, August 30th. Pepsico’s payout ratio is 66.53%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued an “outperform” rating and issued a $128.00 price objective on shares of Pepsico in a report on Thursday, July 13th. BMO Capital Markets reissued a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Credit Suisse Group reissued a “hold” rating and issued a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a report on Thursday, October 5th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $133.00 price objective (up previously from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $121.80.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Asset Planning Services Ltd. increased its position in Pepsico by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after buying an additional 3 shares in the last quarter. Accurate Investment Solutions Inc. increased its position in Pepsico by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after buying an additional 5 shares in the last quarter. Northwest Wealth Management LLC increased its position in Pepsico by 0.4% in the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after buying an additional 11 shares in the last quarter. Sunbelt Securities Inc. increased its position in Pepsico by 0.3% in the second quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock worth $541,000 after buying an additional 12 shares in the last quarter. Finally, Willingdon Wealth Management increased its position in Pepsico by 0.3% in the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 70.17% of the company’s stock.
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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