Investors Purchase High Volume of Pepsico Call Options (PEP)
Pepsico, Inc. (NYSE:PEP) saw unusually large options trading on Wednesday. Stock traders bought 1,176 call options on the stock. This is an increase of approximately 536% compared to the average volume of 185 call options.
PEP has been the topic of several research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 price target on shares of Pepsico in a research report on Friday, May 19th. Vetr raised Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price target on the stock in a research report on Wednesday, May 3rd. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Friday, July 14th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $134.00 price target (up previously from $132.00) on shares of Pepsico in a research report on Monday, May 1st. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Pepsico currently has an average rating of “Buy” and a consensus price target of $123.40.
Shares of Pepsico (PEP) opened at 117.60 on Friday. The stock has a market capitalization of $167.64 billion, a P/E ratio of 24.90 and a beta of 0.67. The company has a 50 day moving average price of $116.16 and a 200-day moving average price of $113.32. Pepsico has a 1-year low of $98.50 and a 1-year high of $119.39.
Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the firm earned $1.35 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Pepsico will post $5.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the transaction, the senior vice president now owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the transaction, the executive vice president now directly owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Pepsico during the fourth quarter valued at approximately $83,989,000. RB Capital Management LLC acquired a new stake in Pepsico during the fourth quarter valued at approximately $1,118,000. Empire Life Investments Inc. acquired a new stake in Pepsico during the fourth quarter valued at approximately $20,386,000. Hutner Capital Management Inc. boosted its stake in Pepsico by 1.7% in the fourth quarter. Hutner Capital Management Inc. now owns 65,343 shares of the company’s stock valued at $6,837,000 after buying an additional 1,075 shares in the last quarter. Finally, CAMG Solamere Management LLC acquired a new stake in Pepsico during the fourth quarter valued at approximately $317,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.
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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