Investors sold shares of PepsiCo, Inc. (NASDAQ:PEP) on strength during trading hours on Monday. $62.74 million flowed into the stock on the tick-up and $161.52 million flowed out of the stock on the tick-down, for a money net flow of $98.78 million out of the stock. Of all stocks tracked, PepsiCo had the 0th highest net out-flow for the day. PepsiCo traded up $0.21 for the day and closed at $112.75
A number of equities analysts have recently weighed in on PEP shares. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Monday, December 4th. Deutsche Bank started coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They set a “buy” rating and a $132.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price target on shares of PepsiCo in a research note on Friday, December 22nd. Wells Fargo & Co upped their price target on shares of PepsiCo from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. PepsiCo has an average rating of “Hold” and a consensus price target of $123.04.
The firm has a market capitalization of $160,094.63, a P/E ratio of 21.56, a P/E/G ratio of 2.68 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.83%. PepsiCo’s payout ratio is 95.55%.
PepsiCo announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wagner Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $109,000. Certified Advisory Corp acquired a new stake in shares of PepsiCo during the 4th quarter worth about $134,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of PepsiCo during the 4th quarter worth about $140,000. Avestar Capital LLC purchased a new position in shares of PepsiCo during the 4th quarter worth about $154,000. Finally, Rational Advisors LLC purchased a new position in shares of PepsiCo during the 4th quarter worth about $168,000. 70.93% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Traders Sell PepsiCo (PEP) on Strength (PEP)” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3261105/traders-sell-pepsico-pep-on-strength-pep.html.
PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.