PepsiCo, Inc. (NASDAQ:PEP) CEO Sells $800,781.60 in Stock

PepsiCo, Inc. (NASDAQ:PEPGet Rating) CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the completion of the sale, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of PEP 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 1-year low of $144.08 and a 1-year high of $177.62. The company has a market cap 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 50-day moving average is $168.86 and its two-hundred day moving average is $168.36.

PepsiCo (NASDAQ:PEPGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $15.54 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current year.

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

A number of analysts have recently weighed in on PEP shares. Credit Suisse Group boosted their price objective on shares of PepsiCo from $163.00 to $168.00 in a research note on Wednesday, April 27th. Citigroup boosted their price objective on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Morgan Stanley boosted their price objective on shares of PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $173.00 to $175.00 in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $183.00 to $186.00 in a research note 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $176.56.

Institutional investors and hedge funds have recently bought and sold shares of the company. TCW Group Inc. grew its holdings in shares of PepsiCo by 44.3% in the 4th quarter. TCW Group Inc. now owns 440,689 shares of the company’s stock worth $76,553,000 after purchasing an additional 135,394 shares during the last quarter. Bank of Nova Scotia Trust Co. grew its holdings in shares of PepsiCo by 43.0% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 6,911 shares of the company’s stock worth $1,040,000 after purchasing an additional 2,079 shares during the last quarter. Atria Investments LLC grew its holdings in PepsiCo by 5.1% during the 3rd quarter. Atria Investments LLC now owns 97,909 shares of the company’s stock worth $14,726,000 after acquiring an additional 4,739 shares during the last quarter. Canandaigua National Corp grew its holdings in PepsiCo by 2.3% during the 4th quarter. Canandaigua National Corp now owns 59,697 shares of the company’s stock worth $10,370,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in PepsiCo by 0.6% during the 4th quarter. Sheets Smith Wealth Management now owns 128,136 shares of the company’s stock worth $22,259,000 after acquiring an additional 703 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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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