PepsiCo Sees Unusually High Options Volume (PEP)
PepsiCo (NYSE:PEP) was the target of some unusual options trading activity on Monday. Investors bought 4,695 put options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 125% compared to the average volume of 2,087 put options.
A number of analysts have recently weighed in on PEP shares. Analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Friday. They now have a $97.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $244.69.
PepsiCo (NYSE:PEP) traded up 1.74% on Monday, hitting $93.19. The stock had a trading volume of 5,031,798 shares. PepsiCo has a 52-week low of $77.01 and a 52-week high of $93.19. The stock has a 50-day moving average of $90.5 and a 200-day moving average of $85.88. The company has a market cap of $140.4 billion and a price-to-earnings ratio of 20.67.
PepsiCo (NYSE:PEP) last announced its earnings results on Wednesday, July 23rd. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters 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 $4.59 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 2.81%. 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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