Pepsico Sees Unusually High Options Volume (PEP)
Pepsico, Inc. (NYSE:PEP) was the recipient of some unusual options trading on Wednesday. Investors purchased 1,176 call options on the company. This is an increase of 536% compared to the typical volume of 185 call options.
Shares of Pepsico (NYSE PEP) opened at 114.85 on Friday. The company’s 50 day moving average price is $116.42 and its 200 day moving average price is $114.56. The firm has a market capitalization of $163.72 billion, a P/E ratio of 24.32 and a beta of 0.68. Pepsico has a one year low of $98.50 and a one year high of $119.39.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Pepsico will post $5.16 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.80%. Pepsico’s dividend payout ratio is currently 68.22%.
A number of brokerages recently issued reports on PEP. Macquarie began coverage on Pepsico in a report on Thursday. They issued an “outperform” rating and a $125.00 price target for the company. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 price objective (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pepsico presently has an average rating of “Buy” and a consensus target price of $123.44.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock valued at $104,585,929 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Wright Investors Service Inc. boosted its position in Pepsico by 69.2% during the 2nd quarter. Wright Investors Service Inc. now owns 22,280 shares of the company’s stock valued at $2,573,000 after purchasing an additional 9,110 shares during the period. National Pension Service boosted its position in Pepsico by 2.0% during the 1st quarter. National Pension Service now owns 945,000 shares of the company’s stock worth $106,010,000 after acquiring an additional 18,835 shares during the period. Univest Corp of Pennsylvania boosted its position in Pepsico by 0.7% during the 1st quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock worth $263,000 after acquiring an additional 17 shares during the period. Hays Advisory LLC boosted its position in Pepsico by 11.6% during the 1st quarter. Hays Advisory LLC now owns 2,244 shares of the company’s stock worth $251,000 after acquiring an additional 233 shares during the period. Finally, Ledyard National Bank boosted its position in Pepsico by 9.2% during the 1st quarter. Ledyard National Bank now owns 55,779 shares of the company’s stock worth $6,240,000 after acquiring an additional 4,720 shares during the period. Institutional investors and hedge funds own 70.16% 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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