Pepsico, Inc. (NYSE:PEP) was the target of some unusual options trading on Wednesday. Investors acquired 1,176 call options on the company. This represents an increase of approximately 536% compared to the typical volume of 185 call options.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilkins Investment Counsel Inc. raised its position in Pepsico by 3.7% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 64,247 shares of the company’s stock valued at $6,722,000 after buying an additional 2,300 shares during the last quarter. Cypress Capital Management LLC raised its position in Pepsico by 685.6% in the fourth quarter. Cypress Capital Management LLC now owns 16,026 shares of the company’s stock valued at $1,677,000 after buying an additional 13,986 shares during the last quarter. Frontier Wealth Management LLC raised its position in Pepsico by 13.6% in the fourth quarter. Frontier Wealth Management LLC now owns 46,557 shares of the company’s stock valued at $4,871,000 after buying an additional 5,557 shares during the last quarter. Trexquant Investment LP raised its position in Pepsico by 166.7% in the fourth quarter. Trexquant Investment LP now owns 16,800 shares of the company’s stock valued at $1,758,000 after buying an additional 10,500 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in Pepsico during the fourth quarter valued at $599,000. 70.40% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. UBS AG upgraded Pepsico from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 12th. Cowen and Company restated an “outperform” rating and issued a $128.00 price target on shares of Pepsico in a research report on Thursday, July 13th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Friday, July 14th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Pepsico in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $133.00 price objective (up previously from $130.00) on shares of Pepsico in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $123.04.

Shares of Pepsico (PEP) opened at 116.63 on Friday. The firm has a 50-day moving average price of $116.09 and a 200-day moving average price of $111.40. The firm has a market capitalization of $166.26 billion, a price-to-earnings ratio of 24.70 and a beta of 0.67. Pepsico has a 52 week low of $98.50 and a 52 week high of $118.24.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. On average, equities analysts expect that Pepsico will post $5.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.

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Pepsico Company Profile

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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