PepsiCo, Inc. (NASDAQ:PEP) Sees Significant Decline in Short Interest

PepsiCo, Inc. (NASDAQ:PEP) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 10,020,000 shares, a decline of 17.1% from the March 31st total of 12,090,000 shares. Based on an average trading volume of 5,840,000 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are sold short.

A number of institutional investors have recently added to or reduced their stakes in PEP. OLD Mission Capital LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth about $256,000. Schonfeld Strategic Advisors LLC acquired a new position in PepsiCo during the 3rd quarter valued at $9,522,000. Chiron Capital Management LLC bought a new stake in PepsiCo in the 3rd quarter valued at $43,000. Kathmere Capital Management LLC acquired a new stake in PepsiCo in the 3rd quarter worth $149,000. Finally, Rockland Trust Co. raised its position in shares of PepsiCo by 0.6% during the fourth quarter. Rockland Trust Co. now owns 211,573 shares of the company’s stock valued at $31,377,000 after buying an additional 1,259 shares during the last quarter. Hedge funds and other institutional investors own 69.94% of the company’s stock.

A number of research firms recently issued reports on PEP. UBS Group upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $145.00 to $165.00 in a research note on Tuesday, April 27th. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $145.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 22nd. Finally, Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research note on Monday, March 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $149.23.

PepsiCo stock traded down $1.83 during midday trading on Tuesday, hitting $143.96. The stock had a trading volume of 6,598,774 shares, compared to its average volume of 5,657,092. The stock has a market cap of $198.90 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.63 and a beta of 0.57. The business has a fifty day moving average price of $141.78 and a 200 day moving average price of $140.50. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. PepsiCo has a 12 month low of $126.53 and a 12 month high of $148.77.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The business had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo will post 5.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Friday, June 4th will be issued a $1.075 dividend. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.02. PepsiCo’s dividend payout ratio is presently 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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