PepsiCo, Inc. (PEP) Short Interest Update

PepsiCo, Inc. (NASDAQ:PEP) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 8,575,743 shares, a growth of 13.5% from the January 12th total of 7,554,969 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 4,377,482 shares, the short-interest ratio is currently 2.0 days.

Shares of PepsiCo (NASDAQ:PEP) traded up $1.03 during trading hours on Friday, reaching $111.18. 5,292,728 shares of the company traded hands, compared to its average volume of 4,369,549. The stock has a market capitalization of $157,050.00, a PE ratio of 22.61, a P/E/G ratio of 2.93 and a beta of 0.62. PepsiCo has a 12 month low of $104.77 and a 12 month high of $122.51. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.90%. PepsiCo’s dividend payout ratio is currently 66.53%.

PEP has been the subject of several recent research reports. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a $113.00 target price on shares of PepsiCo in a research note on Thursday, January 4th. SunTrust Banks initiated coverage on shares of PepsiCo in a research note on Monday, January 29th. They issued a “hold” rating and a $125.00 target price for the company. Cowen reiterated a “buy” rating and issued a $133.00 target price on shares of PepsiCo in a research note on Tuesday, January 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $124.00 target price (up previously from $122.00) on shares of PepsiCo in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $123.44.

A number of large investors have recently modified their holdings of the stock. Rational Advisors LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $168,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in PepsiCo by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after buying an additional 1,050 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in PepsiCo in the 4th quarter worth approximately $197,000. First National Bank of Mount Dora Trust Investment Services purchased a new position in PepsiCo in the 4th quarter worth approximately $201,000. Finally, Round Table Services LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $201,000. 70.25% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “PepsiCo, Inc. (PEP) Short Interest Update” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://sportsperspectives.com/2018/02/09/pepsico-inc-pep-short-interest-update.html.

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).

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply