Insider Selling: PepsiCo, Inc. (NASDAQ:PEP) EVP Sells 5,150 Shares of Stock

PepsiCo, Inc. (NASDAQ:PEP – Get Rating) EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

PepsiCo stock traded down $10.81 during mid-day trading on Wednesday, reaching $163.65. The company’s stock had a trading volume of 8,873,878 shares, compared to its average volume of 5,621,716. PepsiCo, Inc. has a 12-month low of $144.08 and a 12-month high of $177.62. The company has a market capitalization of $226.28 billion, a P/E ratio of 22.39, a PEG ratio of 3.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The firm’s fifty day moving average price is $168.86 and its two-hundred day moving average price is $168.36.

PepsiCo (NASDAQ:PEP – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. During the same period in the previous year, the business earned $1.21 EPS. PepsiCo’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, June 2nd. PepsiCo’s payout ratio is 58.82%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cordant Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. grew its position in PepsiCo by 86.9% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter worth $35,000. Leverty Financial Group LLC purchased a new position in PepsiCo in the fourth quarter worth $38,000. Finally, Strategic Asset Management LLC grew its position in PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Several analysts have recently commented on PEP shares. JPMorgan Chase & Co. raised their target price on PepsiCo from $183.00 to $186.00 in a research note on Wednesday, April 27th. Barclays dropped their price target on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, February 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Finally, Credit Suisse Group lifted their target price on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Buy” and a consensus price target of $176.56.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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