PepsiCo Target of Unusually Large Options Trading (PEP)
PepsiCo (NYSE:PEP) saw some unusual options trading on Monday. Traders bought 4,842 put options on the stock, Analyst Ratings.Net reports. This is an increase of 207% compared to the typical volume of 1,578 put options.
A number of research firms have recently commented on PEP. Analysts at JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $92.00 to $95.00 in a research note to investors on Wednesday, October 2nd. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo in a research note to investors on Monday, September 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. PepsiCo has a consensus rating of “Buy” and an average target price of $87.02.
Shares of PepsiCo (NYSE:PEP) traded down 0.70% during mid-day trading on Monday, hitting $79.06. 4,872,595 shares of the company’s stock traded hands. PepsiCo has a 1-year low of $67.39 and a 1-year high of $87.06. The stock’s 50-day moving average is $80.09 and its 200-day moving average is $81.61. The company has a market cap of $121.9 billion and a P/E ratio of 18.76.
PepsiCo (NYSE:PEP) last released its earnings data on Wednesday, July 24th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $16.81 million for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter last year, the company posted $1.12 earnings per share. PepsiCo’s revenue was up 2.1% compared to the same quarter last year.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.