Traders Sell Shares of Pepsico, Inc. (PEP) on Strength After Insider Selling

Traders sold shares of Pepsico, Inc. (NYSE:PEP) on strength during trading hours on Thursday after an insider sold shares in the company. $56.53 million flowed into the stock on the tick-up and $107.37 million flowed out of the stock on the tick-down, for a money net flow of $50.84 million out of the stock. Of all equities tracked, Pepsico had the 10th highest net out-flow for the day. Pepsico traded up $0.94 for the day and closed at $112.45Specifically, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 919,613 shares of company stock valued at $106,956,258. Insiders own 0.26% of the company’s stock.

Several brokerages have recently weighed in on PEP. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Tuesday, August 22nd. Credit Suisse Group cut Pepsico from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Pepsico presently has a consensus rating of “Buy” and a consensus price target of $121.80.

The company has a 50 day moving average of $113.36 and a 200 day moving average of $114.71. The company has a market capitalization of $159.92 billion, a PE ratio of 23.24 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for 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 firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. On average, analysts predict that Pepsico, Inc. will post $5.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a $0.805 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.86%. Pepsico’s dividend payout ratio (DPR) is 66.53%.

Several large investors have recently bought and sold shares of PEP. Asset Planning Services Ltd. increased its stake in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares in the last quarter. Arbor Investment Advisors LLC increased its stake in Pepsico by 1.2% in the 1st quarter. Arbor Investment Advisors LLC now owns 4,169 shares of the company’s stock worth $466,000 after buying an additional 49 shares in the last quarter. First United Bank Trust increased its stake in Pepsico by 1.5% in the 1st quarter. First United Bank Trust now owns 21,165 shares of the company’s stock worth $2,367,000 after buying an additional 318 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in Pepsico by 0.9% in the 1st quarter. Reilly Financial Advisors LLC now owns 104,717 shares of the company’s stock worth $11,714,000 after buying an additional 973 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in Pepsico by 1.2% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 144,094 shares of the company’s stock worth $16,118,000 after buying an additional 1,765 shares in the last quarter. Hedge funds and other institutional investors own 70.17% of the company’s stock.

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About Pepsico

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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