PepsiCo, Inc. (PEP) EVP Sells $3,193,748.46 in Stock

PepsiCo, Inc. (NASDAQ:PEP) EVP David Yawman sold 25,263 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the transaction, the executive vice president now owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:PEP opened at $130.51 on Friday. PepsiCo, Inc. has a one year low of $97.32 and a one year high of $130.87. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. The firm has a market capitalization of $181.33 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.955 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, June 6th. PepsiCo’s dividend payout ratio is presently 65.55%.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Wells Fargo & Co lifted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research note on Tuesday. ValuEngine raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank boosted their price objective on shares of PepsiCo from $120.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. PepsiCo currently has a consensus rating of “Buy” and an average price target of $124.65.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the period. Vanguard Group Inc lifted its holdings in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the period. BlackRock Inc. lifted its holdings in PepsiCo by 4.0% during the first quarter. BlackRock Inc. now owns 100,947,757 shares of the company’s stock worth $12,371,150,000 after acquiring an additional 3,845,686 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after acquiring an additional 34,380,553 shares during the period. Finally, Northern Trust Corp lifted its holdings in PepsiCo by 2.4% during the first quarter. Northern Trust Corp now owns 20,674,965 shares of the company’s stock worth $2,533,717,000 after acquiring an additional 489,124 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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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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