PepsiCo, Inc. (NASDAQ:PEP – Get Rating) CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
PepsiCo Trading Up 1.1 %
NASDAQ PEP opened at $176.95 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $244.17 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $177.69. The firm’s fifty day simple moving average is $167.30 and its 200-day simple moving average is $169.20.
PepsiCo (NASDAQ:PEP – Get Rating) last posted its earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 6.65 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
Hedge Funds Weigh In On PepsiCo
Several hedge funds have recently bought and sold shares of PEP. Cordant Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at about $27,000. Landmark Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $29,000. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $35,000. Leverty Financial Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $41,000. 72.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on PEP shares. JPMorgan Chase & Co. cut their price objective on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Citigroup increased their target price on PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Credit Suisse Group increased their target price on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Finally, UBS Group reduced their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.00.
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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