Pepsico Sees Unusually High Options Volume (PEP)
Pepsico, Inc. (NYSE:PEP) saw some unusual options trading on Wednesday. Traders purchased 1,176 call options on the company. This represents an increase of approximately 536% compared to the typical volume of 185 call options.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $52,727,525.20. Following the transaction, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in PEP. Barnett & Company Inc. boosted its holdings in 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 purchasing an additional 657 shares during the period. Aviance Capital Management LLC purchased a new position in Pepsico in the second quarter valued at $111,000. Asset Planning Services Ltd. boosted its holdings in 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 purchasing an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Pepsico by 5.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock valued at $138,000 after purchasing an additional 67 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in 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 purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 70.15% of the company’s stock.
A number of equities analysts recently issued reports on PEP shares. Jefferies Group LLC restated a “buy” rating and set a $127.00 price objective on shares of Pepsico in a report on Friday, May 19th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Friday, July 14th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reiterated a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Pepsico in a report on Thursday, May 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Pepsico currently has an average rating of “Buy” and an average price target of $123.40.
Pepsico (NYSE:PEP) opened at 115.84 on Monday. The company has a market capitalization of $165.13 billion, a price-to-earnings ratio of 24.53 and a beta of 0.68. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39. The stock has a 50 day moving average price of $116.54 and a 200 day moving average price of $114.13.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.35 earnings per share. On average, equities analysts expect that Pepsico will post $5.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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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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