PepsiCo Target of Unusually Large Options Trading (PEP)
Shares of PepsiCo (NYSE:PEP) saw some unusual options trading activity on Thursday. Stock traders bought 8,750 call options on the stock, Analyst Ratings News reports. This represents an increase of approximately 171% compared to the average volume of 3,232 call options.
A number of analysts have recently weighed in on PEP shares. Analysts at Argus raised their price target on shares of PepsiCo from $98.00 to $104.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Separately, analysts at S&P Equity Research raised their price target on shares of PepsiCo from $4.32 to $2,491.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of PepsiCo in a research note on Tuesday, August 5th. They set a “reduce” rating and a $81.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. PepsiCo currently has a consensus rating of “Buy” and an average price target of $244.56.
Shares of PepsiCo (NYSE:PEP) traded down 0.20% during mid-day trading on Thursday, hitting $92.05. 4,060,284 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’s 50-day moving average is $90.42 and its 200-day moving average is $85.74. The company has a market cap of $138.7 billion and a price-to-earnings ratio of 20.81.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, September 3rd.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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