PepsiCo Target of Unusually High Options Trading (PEP)
PepsiCo, Inc. (NYSE:PEP) was the recipient of unusually large options trading on Wednesday. Investors acquired 1,176 call options on the stock. This represents an increase of 536% compared to the average volume of 185 call options.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction 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 directly owns 76,037 shares in the company, valued at approximately $8,878,840.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. grew its stake in PepsiCo by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after buying an additional 3 shares in the last quarter. Accurate Investment Solutions Inc. grew its stake in PepsiCo by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after buying an additional 5 shares in the last quarter. Northwest Wealth Management LLC grew its stake in PepsiCo by 0.4% during the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after buying an additional 11 shares in the last quarter. Sunbelt Securities Inc. grew its stake in PepsiCo by 0.3% during the second quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock worth $541,000 after buying an additional 12 shares in the last quarter. Finally, Willingdon Wealth Management grew its stake in PepsiCo by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.
PepsiCo (NYSE PEP) opened at $110.22 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. PepsiCo has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The firm has a market capitalization of $156.75 billion, a PE ratio of 21.49, a P/E/G ratio of 2.99 and a beta of 0.66.
PepsiCo (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. PepsiCo had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. During the same period in the prior year, the company posted $1.40 earnings per share. PepsiCo’s revenue was up 1.3% compared to the same quarter last year. analysts forecast that PepsiCo will post 5.22 earnings per share for the current fiscal year.
Several research firms have weighed in on PEP. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $116.00 price target on shares of PepsiCo in a research note on Friday, October 13th. Deutsche Bank AG reiterated a “buy” rating and set a $122.00 price target (down previously from $125.00) on shares of PepsiCo in a research note on Friday, October 6th. Credit Suisse Group reiterated a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of PepsiCo in a research note on Thursday, October 5th. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and set a $135.00 price target on shares of PepsiCo in a research note on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $121.35.
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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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