Insider Selling: PepsiCo, Inc. (NASDAQ:PEP) CEO Sells 3,433 Shares of Stock

PepsiCo, Inc. (NASDAQ:PEPGet 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:PEPGet 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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s payout ratio is 69.28%.

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.

About PepsiCo

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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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