Investors Buy Shares of Pepsico, Inc. (PEP) on Weakness

Traders bought shares of Pepsico, Inc. (NYSE:PEP) on weakness during trading on Tuesday. $86.04 million flowed into the stock on the tick-up and $41.16 million flowed out of the stock on the tick-down, for a money net flow of $44.88 million into the stock. Of all equities tracked, Pepsico had the 10th highest net in-flow for the day. Pepsico traded down ($0.69) for the day and closed at $115.92

PEP has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 target price on shares of Pepsico in a research note on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $127.00 target price on shares of Pepsico in a research note on Friday, May 19th. Vetr upgraded shares of Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 target price for the company in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $134.00 price target (up previously from $132.00) on shares of Pepsico in a report on Monday, May 1st. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.40.

The stock’s 50-day moving average is $116.16 and its 200 day moving average is $113.32. The stock has a market capitalization of $167.64 billion, a P/E ratio of 24.90 and a beta of 0.67. Pepsico also was the target of unusually large options trading activity on Wednesday. Traders bought 1,176 call options on the company. This represents an increase of 536% compared to the average daily volume of 185 call options.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $1.35 earnings per share. On average, equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.

In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares in the company, valued at $20,283,634.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the transaction, the senior vice president now owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock valued at $104,585,929 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Pepsico during the fourth quarter worth about $1,492,411,000. Vanguard Group Inc. boosted its position in shares of Pepsico by 2.4% in the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after buying an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Pepsico by 910.5% in the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock worth $335,840,000 after buying an additional 2,620,149 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Pepsico during the first quarter worth about $254,277,000. Finally, Harbour Capital Advisors LLC boosted its position in shares of Pepsico by 11,316.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after buying an additional 2,164,557 shares in the last quarter. Hedge funds and other institutional investors own 70.19% 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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