PepsiCo, Inc. (NASDAQ:PEP) CEO Sells $600,191.39 in Stock

PepsiCo, Inc. (NASDAQ:PEPGet Rating) CEO Ramkumar Krishnan sold 3,433 shares of the firm’s 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 directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The transaction was disclosed in a document filed with the SEC, which is available through this link.

PepsiCo Stock Up 0.8 %

NASDAQ:PEP opened at $176.83 on Thursday. The stock’s fifty day simple moving average is $167.51 and its 200-day simple moving average is $169.40. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $244.01 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.47 and a beta of 0.55. PepsiCo, Inc. has a 12-month low of $149.48 and a 12-month high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last posted its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share 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 analyst estimates of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 6.65 earnings per share for the current 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 issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.60%. PepsiCo’s dividend payout ratio is presently 69.28%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PEP shares. Guggenheim lifted their target price on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Barclays lowered their target price on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Citigroup lifted their target price on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Finally, UBS Group lowered their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Cordant Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $27,000. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the fourth quarter valued at about $35,000. Leverty Financial Group LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. HBC Financial Services PLLC bought a new stake in shares of PepsiCo in the second quarter valued at about $41,000. Finally, Strategic Asset Management LLC increased its position in shares of PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after acquiring an additional 96 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

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.

Further Reading

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