Investors Sell PepsiCo (PEP) on Strength (PEP)

Investors sold shares of PepsiCo, Inc. (NASDAQ:PEP) on strength during trading hours on Thursday. $43.70 million flowed into the stock on the tick-up and $97.23 million flowed out of the stock on the tick-down, for a money net flow of $53.53 million out of the stock. Of all equities tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.45 for the day and closed at $116.06

Several research analysts recently issued reports on PEP shares. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Morgan Stanley cut their target price on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. SunTrust Banks upped their target price on shares of PepsiCo to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. BidaskClub upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Deutsche Bank cut their target price on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. PepsiCo presently has an average rating of “Hold” and a consensus target price of $117.89.

The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31. The company has a market capitalization of $163.19 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the sale, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Spanos sold 20,074 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total transaction of $2,256,719.08. Following the transaction, the chief executive officer now directly owns 35,520 shares of the company’s stock, valued at $3,993,158.40. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock valued at $22,663,157 over the last three months. 0.27% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of PEP. Mainstay Capital Management LLC ADV raised its stake in PepsiCo by 10,787.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock worth $100,000 after buying an additional 10,787 shares in the last quarter. WP Advisors LLC bought a new position in PepsiCo in the second quarter worth about $118,000. WealthTrust Arizona LLC raised its stake in PepsiCo by 268.7% in the third quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock worth $124,000 after buying an additional 806 shares in the last quarter. Well Done LLC bought a new position in PepsiCo in the first quarter worth about $125,000. Finally, Fort L.P. bought a new position in PepsiCo in the second quarter worth about $125,000. 70.64% of the stock is owned by hedge funds and other institutional investors.

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About PepsiCo (NASDAQ:PEP)

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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