Traders sold shares of PepsiCo Inc. (NYSE:PEP) on strength during trading on Wednesday. $53.68 million flowed into the stock on the tick-up and $92.59 million flowed out of the stock on the tick-down, for a money net flow of $38.91 million out of the stock. Of all stocks tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.83 for the day and closed at $107.13

PEP has been the topic of a number of research analyst reports. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price target on the stock in a research note on Wednesday, September 7th. Argus lifted their price target on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Jefferies Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of PepsiCo in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG initiated coverage on PepsiCo in a research note on Thursday, September 15th. They issued an “outperform” rating and a $121.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $110.96.

The company has a 50-day moving average of $107.34 and a 200-day moving average of $104.79. The company has a market capitalization of $154.18 billion, a PE ratio of 30.27 and a beta of 0.48.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/investors-sell-shares-of-pepsico-inc-pep-on-strength-pep.html

PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, July 7th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $15.40 billion for the quarter. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. PepsiCo’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. Equities analysts anticipate that PepsiCo Inc. will post $4.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, August 31st. PepsiCo’s dividend payout ratio is presently 84.79%.

In other PepsiCo news, SVP Marie T. Gallagher sold 13,586 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $109.01, for a total transaction of $1,481,009.86. Following the transaction, the senior vice president now owns 58,183 shares of the company’s stock, valued at approximately $6,342,528.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Albert P. Carey sold 170,003 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total value of $18,498,026.43. Following the transaction, the chief executive officer now directly owns 306,138 shares in the company, valued at approximately $33,310,875.78. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of PepsiCo by 2.3% in the second quarter. Vanguard Group Inc. now owns 100,515,744 shares of the company’s stock worth $10,648,637,000 after buying an additional 2,290,350 shares in the last quarter. State Street Corp raised its position in shares of PepsiCo by 1.5% in the first quarter. State Street Corp now owns 58,107,763 shares of the company’s stock worth $5,954,891,000 after buying an additional 860,005 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of PepsiCo by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 38,394,081 shares of the company’s stock worth $3,934,625,000 after buying an additional 320,953 shares in the last quarter. Wellington Management Group LLP raised its position in shares of PepsiCo by 40.9% in the first quarter. Wellington Management Group LLP now owns 21,691,078 shares of the company’s stock worth $2,222,902,000 after buying an additional 6,297,861 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of PepsiCo by 2.4% in the second quarter. BlackRock Fund Advisors now owns 20,533,515 shares of the company’s stock worth $2,175,321,000 after buying an additional 475,487 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

Receive News & Ratings for PepsiCo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.