Pepsico Sees Unusually Large Options Volume (PEP)
Pepsico, Inc. (NYSE:PEP) was the recipient of unusually large options trading activity on Wednesday. Investors bought 374 call options on the company. This represents an increase of approximately 179% compared to the typical volume of 134 call options.
Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Pepsico by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 2,094,805 shares of the company’s stock valued at $219,179,000 after buying an additional 8,550 shares during the last quarter. Burney Co. increased its position in shares of Pepsico by 0.9% in the fourth quarter. Burney Co. now owns 84,055 shares of the company’s stock valued at $8,795,000 after buying an additional 762 shares during the last quarter. Hall Capital Management Co. Inc. bought a new position in shares of Pepsico during the fourth quarter valued at approximately $3,478,000. Bingham Osborn & Scarborough LLC increased its position in shares of Pepsico by 4.7% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 6,243 shares of the company’s stock valued at $653,000 after buying an additional 281 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its position in shares of Pepsico by 12.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 121,216 shares of the company’s stock valued at $12,682,000 after buying an additional 13,627 shares during the last quarter. 70.35% of the stock is owned by institutional investors and hedge funds.
Pepsico (NYSE PEP) opened at 115.51 on Friday. Pepsico has a 52-week low of $98.50 and a 52-week high of $118.24. The company has a 50-day moving average of $116.14 and a 200 day moving average of $110.39. The company has a market cap of $165.01 billion, a PE ratio of 24.89 and a beta of 0.67.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.98 billion. Pepsico had a net margin of 10.66% and a return on equity of 58.42%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Equities research analysts predict that Pepsico will post $5.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were paid a $0.805 dividend. This is an increase from Pepsico’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, May 31st. This represents a $3.22 annualized dividend and a yield of 2.79%. Pepsico’s dividend payout ratio is presently 69.40%.
PEP has been the subject of a number of analyst reports. BidaskClub cut shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research note on Thursday, March 23rd. Jefferies Group LLC restated a “buy” rating and set a $127.00 price target on shares of Pepsico in a research note on Friday, May 19th. Credit Suisse Group raised their price target on shares of Pepsico from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, March 23rd. Finally, BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of Pepsico in a research note on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Pepsico currently has a consensus rating of “Buy” and a consensus price target of $121.90.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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