Investors Buy Large Volume of Pepsico Call Options (PEP)
Pepsico, Inc. (NYSE:PEP) saw unusually large options trading activity on Wednesday. Stock investors bought 1,176 call options on the stock. This represents an increase of 536% compared to the typical daily volume of 185 call options.
PEP has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $127.00 target price on shares of Pepsico in a research report on Friday, May 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Pepsico in a research note on Thursday, April 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price target on shares of Pepsico in a research note on Thursday, April 27th. Vetr raised Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target for the company in a research note on Wednesday, April 26th. Finally, Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $123.40.
In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly owns 733,315 shares in the company, valued at approximately $85,387,198.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the sale, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 over the last 90 days. Insiders own 0.26% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Barnett & Company Inc. increased its stake in shares of Pepsico by 270.4% in the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after buying an additional 657 shares in the last quarter. Aviance Capital Management LLC bought a new stake in shares of Pepsico during the second quarter valued at approximately $111,000. Asset Planning Services Ltd. increased its stake in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Pepsico during the fourth quarter valued at approximately $125,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.
Pepsico (NYSE PEP) opened at 117.60 on Monday. The company has a 50-day moving average of $116.16 and a 200 day moving average of $113.32. The firm has a market cap of $167.64 billion, a P/E ratio of 24.90 and a beta of 0.67. Pepsico has a 52 week low of $98.50 and a 52 week high of $119.39.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Pepsico’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Pepsico will post $5.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio is 68.22%.
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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).
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