PepsiCo, Inc. (PEP) Short Interest Update

PepsiCo, Inc. (NASDAQ:PEP) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 8,575,743 shares, a growth of 13.5% from the January 12th total of 7,554,969 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 4,377,482 shares, the days-to-cover ratio is currently 2.0 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Prudential Financial Inc. raised its position in PepsiCo by 26.1% in the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after acquiring an additional 899,911 shares during the period. SG Americas Securities LLC raised its position in PepsiCo by 3,234.3% in the fourth quarter. SG Americas Securities LLC now owns 471,207 shares of the company’s stock worth $56,507,000 after acquiring an additional 457,075 shares during the period. APG Asset Management N.V. raised its position in PepsiCo by 6.6% in the fourth quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock worth $669,989,000 after acquiring an additional 413,900 shares during the period. BT Investment Management Ltd raised its position in PepsiCo by 271.9% in the fourth quarter. BT Investment Management Ltd now owns 421,335 shares of the company’s stock worth $50,526,000 after acquiring an additional 308,056 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in PepsiCo by 16.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock worth $238,634,000 after acquiring an additional 284,979 shares during the period. 70.25% of the stock is currently owned by institutional investors.

PepsiCo (NASDAQ:PEP) traded up $1.03 on Friday, hitting $111.18. 5,292,728 shares of the company were exchanged, compared to its average volume of 4,369,549. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. PepsiCo has a one year low of $104.77 and a one year high of $122.51. The company has a market capitalization of $157,050.00, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.93 and a beta of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s payout ratio is currently 66.53%.

A number of research analysts have weighed in on PEP shares. Cowen reaffirmed a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Tuesday, October 31st. Deutsche Bank started coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of PepsiCo in a research note on Friday, December 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of PepsiCo in a research note on Sunday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.44.

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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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