News headlines about PepsiCo (NASDAQ:PEP) have trended neutral this week, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. PepsiCo earned a news impact score of 0.37 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 7 out of 10, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted PepsiCo’s analysis:
- PepsiCo (PEP) Gains As Market Dips: What You Should Know (finance.yahoo.com)
- Hedge Funds Are Selling PepsiCo, Inc. (PEP). Is it Going to Fizz Out? (feedproxy.google.com)
- Recent alteration: – PepsiCo, Inc., (NASDAQ: PEP) (nysenewstoday.com)
- Latest Performance:: PepsiCo, Inc., (NASDAQ: PEP) (topstocksnews.com)
- The Pepsi Challenge: PepsiCo Inc. wins competitive bidding process at Appalachian (today.appstate.edu)
Shares of PepsiCo stock traded up $1.42 during trading on Friday, reaching $117.48. The company’s stock had a trading volume of 5,007,809 shares, compared to its average volume of 5,276,824. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo has a 12-month low of $95.94 and a 12-month high of $122.51. The company has a market cap of $163.19 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.
A number of research analysts have recently issued reports on PEP shares. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. SunTrust Banks boosted their target price on PepsiCo to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 24th. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a report on Monday, August 20th. Finally, Guggenheim started coverage on PepsiCo in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $117.89.
In other PepsiCo news, EVP Mehmood Khan sold 168,295 shares of the business’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the sale, the executive vice president now directly owns 173,702 shares in the company, valued at $19,128,064.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the sale, the chief executive officer now owns 35,520 shares in the company, valued at $3,993,158.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,893 shares of company stock worth $22,663,157. Company insiders own 0.27% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
See Also: Buyback
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