PepsiCo Target of Unusually Large Options Trading (PEP)
Shares of PepsiCo (NYSE:PEP) were the recipient of some unusual options trading on Monday. Stock traders bought 8,923 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 139% compared to the average daily volume of 3,740 call options.
In other PepsiCo news, EVP Thomas Greco unloaded 28,372 shares of PepsiCo stock on the open market in a transaction dated Monday, July 28th. The shares were sold at an average price of $91.26, for a total transaction of $2,589,228.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Thursday, July 24th. They now have a $95.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $106.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 24th. They now have a $103.00 price target on the stock, up previously from $102.00. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. PepsiCo presently has an average rating of “Buy” and a consensus target price of $95.15.
Shares of PepsiCo (NYSE:PEP) traded up 1.79% during mid-day trading on Monday, hitting $89.69. 6,488,915 shares of the company’s stock traded hands. PepsiCo has a 52 week low of $77.01 and a 52 week high of $93.09. The stock has a 50-day moving average of $89.47 and a 200-day moving average of $84.8. The company has a market cap of $135.1 billion and a P/E ratio of 19.88.
PepsiCo (NYSE:PEP) last released its earnings data on Wednesday, July 23rd. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter last year, the company posted $1.31 earnings per share. PepsiCo’s revenue was up .5% compared to the same quarter last year. Analysts expect that PepsiCo will post $4.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, September 3rd.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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