Kirk Tanner Sells 9,573 Shares of PepsiCo, Inc. (NASDAQ:PEP) Stock

PepsiCo, Inc. (NASDAQ:PEP) CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the sale, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:PEP traded up $2.05 on Tuesday, reaching $126.45. 6,228,033 shares of the company were exchanged, compared to its average volume of 4,813,160. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $135.24. The company has a market capitalization of $175.54 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.32 and a beta of 0.60. The stock’s 50-day simple moving average is $131.71.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The business had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. During the same period in the prior year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 3.02%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PEP has been the subject of several research reports. Wells Fargo & Co upped their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. UBS Group upped their price objective on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets restated an “average” rating and set a $128.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Morgan Stanley upped their price objective on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $129.35.

Large investors have recently bought and sold shares of the company. Sigma Investment Counselors Inc. grew its stake in PepsiCo by 2.5% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after acquiring an additional 82 shares during the last quarter. Strategic Financial Group LLC lifted its holdings in PepsiCo by 2.7% in the 2nd quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock valued at $425,000 after purchasing an additional 86 shares in the last quarter. First Command Financial Services Inc. lifted its holdings in PepsiCo by 1.0% in the 2nd quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock valued at $1,238,000 after purchasing an additional 95 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in PepsiCo by 1.0% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock valued at $1,257,000 after purchasing an additional 96 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its holdings in PepsiCo by 0.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock valued at $2,077,000 after purchasing an additional 100 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Insider Buying and Selling by Quarter for PepsiCo (NASDAQ:PEP)

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