Short Interest in PepsiCo, Inc. (NASDAQ:PEP) Increases By 5.2%

PepsiCo, Inc. (NASDAQ:PEP) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 10,067,200 shares, a growth of 5.2% from the June 30th total of 9,573,500 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 4,470,000 shares, the short-interest ratio is currently 2.3 days.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in PepsiCo by 0.7% in the second quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock worth $14,961,613,000 after acquiring an additional 838,652 shares during the period. BlackRock Inc. lifted its position in shares of PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after buying an additional 1,413,723 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after buying an additional 34,380,553 shares during the last quarter. Northern Trust Corp lifted its position in shares of PepsiCo by 0.7% during the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after buying an additional 143,784 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of PepsiCo by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock valued at $2,607,480,000 after buying an additional 378,960 shares during the last quarter. 71.26% of the stock is owned by institutional investors.

A number of research firms have weighed in on PEP. Royal Bank of Canada set a $115.00 price objective on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Cowen boosted their price objective on shares of PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Bank of America boosted their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets reiterated an “average” rating and set a $128.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $129.35.

Shares of NASDAQ PEP traded up $1.04 during mid-day trading on Friday, reaching $131.76. The company had a trading volume of 3,566,166 shares, compared to its average volume of 4,781,396. The business’s 50-day moving average is $130.78 and its 200-day moving average is $125.26. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The stock has a market cap of $181.66 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. PepsiCo has a 52 week low of $104.53 and a 52 week high of $135.24.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo will post 5.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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