Investors Sell PepsiCo (PEP) on Strength (PEP)

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Investors sold shares of PepsiCo, Inc. (NASDAQ:PEP) on strength during trading hours on Thursday. $70.88 million flowed into the stock on the tick-up and $147.29 million flowed out of the stock on the tick-down, for a money net flow of $76.41 million out of the stock. Of all companies tracked, PepsiCo had the 22nd highest net out-flow for the day. PepsiCo traded up $1.12 for the day and closed at $119.44

PEP has been the topic of several research analyst reports. Macquarie upgraded shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price objective on the stock in a research report on Tuesday, February 19th. Gabelli restated a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Morgan Stanley upped their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 19th. Finally, ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $118.79.

The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99. The stock has a market cap of $166.15 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.99 and a beta of 0.64.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.52 billion. During the same period last year, the business earned $1.31 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, February 28th. PepsiCo’s dividend payout ratio is 65.55%.

In other news, CEO Vivek Sankaran sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of PEP. Pinnacle Bank purchased a new stake in PepsiCo in the fourth quarter worth $763,000. Occidental Asset Management LLC purchased a new stake in PepsiCo in the fourth quarter worth $221,000. Centric Wealth Management purchased a new stake in PepsiCo in the fourth quarter worth $233,000. Jackson Hole Capital Partners LLC purchased a new stake in PepsiCo in the fourth quarter worth $3,334,000. Finally, Arbor Wealth Management LLC lifted its stake in PepsiCo by 16.2% in the fourth quarter. Arbor Wealth Management LLC now owns 10,073 shares of the company’s stock worth $1,113,000 after acquiring an additional 1,403 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.

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About PepsiCo (NASDAQ:PEP)

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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