PepsiCo, Inc. (NASDAQ:PEP) Short Interest Update

PepsiCo, Inc. (NASDAQ:PEP) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 10,133,800 shares, a drop of 8.6% from the May 15th total of 11,089,100 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,090,000 shares, the short-interest ratio is presently 2.5 days.

In other news, Chairman Ramon Laguarta sold 15,431 shares of PepsiCo stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the sale, the chairman now owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. Insiders have sold 50,914 shares of company stock valued at $6,497,864 in the last three months. 0.28% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA lifted its stake in shares of PepsiCo by 1.9% in the 4th quarter. CHICAGO TRUST Co NA now owns 59,481 shares of the company’s stock worth $6,572,000 after purchasing an additional 1,085 shares during the period. Welch Group LLC lifted its stake in shares of PepsiCo by 1.0% in the 4th quarter. Welch Group LLC now owns 228,821 shares of the company’s stock worth $25,280,000 after purchasing an additional 2,224 shares during the period. United Capital Management of KS Inc. lifted its stake in shares of PepsiCo by 8.8% in the 4th quarter. United Capital Management of KS Inc. now owns 14,605 shares of the company’s stock worth $1,614,000 after purchasing an additional 1,178 shares during the period. Hexavest Inc. lifted its stake in shares of PepsiCo by 45,239.8% in the 4th quarter. Hexavest Inc. now owns 817,930 shares of the company’s stock worth $90,365,000 after purchasing an additional 816,126 shares during the period. Finally, First Hawaiian Bank increased its holdings in PepsiCo by 31.4% in the 4th quarter. First Hawaiian Bank now owns 43,227 shares of the company’s stock worth $4,775,000 after acquiring an additional 10,325 shares in the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.

Several research analysts recently commented on PEP shares. Macquarie boosted their price target on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. BMO Capital Markets cut GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Bank of America set a $25.00 price objective on Levi Strauss & Co. and gave the company a “hold” rating in a research note on Wednesday. Goldman Sachs Group set a $131.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on London Stock Exchange Group and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.53.

PEP opened at $133.28 on Friday. The firm has a market capitalization of $186.35 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.75. PepsiCo has a 1-year low of $104.53 and a 1-year high of $135.24. The business has a 50 day moving average price of $131.86.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

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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