PepsiCo Target of Unusually Large Options Trading (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) was the target of unusually large options trading activity on Wednesday. Investors bought 205,487 call options on the company. This represents an increase of 5,146% compared to the average daily volume of 3,917 call options.

In other news, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the transaction, the chairman now owns 232,394 shares in the company, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. Insiders sold 48,494 shares of company stock valued at $6,173,705 over the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of PEP. Clarius Group LLC acquired a new stake in shares of PepsiCo during the third quarter worth about $314,000. Prime Capital Investment Advisors LLC lifted its holdings in PepsiCo by 351.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock valued at $101,000 after acquiring an additional 703 shares during the period. Eaton Vance Management lifted its holdings in PepsiCo by 3.8% in the third quarter. Eaton Vance Management now owns 4,039,264 shares of the company’s stock valued at $451,590,000 after acquiring an additional 148,398 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in PepsiCo by 303.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,625 shares of the company’s stock valued at $19,483,000 after acquiring an additional 131,331 shares during the period. Finally, SVA Plumb Wealth Management LLC raised its stake in shares of PepsiCo by 3.2% during the 3rd quarter. SVA Plumb Wealth Management LLC now owns 84,064 shares of the company’s stock worth $9,398,000 after buying an additional 2,604 shares during the last quarter. 70.85% of the stock is owned by hedge funds and other institutional investors.

Shares of PEP traded down $0.56 during midday trading on Friday, reaching $131.13. The company had a trading volume of 3,228,243 shares, compared to its average volume of 4,850,026. PepsiCo has a 1-year low of $104.53 and a 1-year high of $135.24. The company has a market capitalization of $184.61 billion, a PE ratio of 23.17, a PEG ratio of 3.43 and a beta of 0.62. The business has a 50 day simple moving average of $130.91. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.91%. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

Several equities analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of PepsiCo in a report on Wednesday, March 6th. They issued an “underperform” rating and a $100.00 price target on the stock. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Goldman Sachs Group upgraded shares of PepsiCo from a “sell” rating to a “neutral” rating and increased their price target for the stock from $111.00 to $132.00 in a report on Thursday, April 18th. Deutsche Bank upped their price objective on PepsiCo from $120.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Finally, Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $124.65.

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.

Further Reading: What is a Special Dividend?

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.