CEO, AMENA Spanos Mike sold 20,074 shares in PepsiCo, Inc. (NASDAQ:PEP) for $35,520 in transaction occurred on 2018/10/31. After making this transaction, the CEO, AMENA owns a direct stake of 2,256,719 shares, worth $3,841,843, as per the last closing price. On 2018/10/23 Khan Mehmood, Vice Chair,EVP,CSO,Global R&D at PEP, dumped 168,295 shares at an average price of $110.12 per share. The selling total is valued at $8,243,414.
Separately, it had been reported that some other PEP insiders also took part of the insider trading activity. EVP Gov Affairs, GC & Corp Sec, Yawman David had divested 12,024 shares for $47,109 through a trade on 2018/10/16. Following this activity, the insider holds 1,286,448 shares worth $5,095,309 as of recent close. Wall Street’s most bullish PepsiCo, Inc. (NASDAQ:PEP) analysts are predicting the share price to blow past $133 per share during the next 12 months. The current median share price forecast by them is $116, suggesting that the stock could increase 7.25% in that time frame. The average price target of $116.29 calls for a nearly 7.52% increase in the stock price.
PepsiCo, Inc. (PEP) trading activity significantly weakened as the volume at ready counter decreased to 5,854,812 shares versus 6,434,425 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,387,288 shares. The share price rose 0.01% in recent trade and currently has a stock-market value of $152.66B. The shares finished at $108.16, after trading as low as $107.64 earlier in the session. It hit an intraday high Friday at $108.5. The stock is now 12.74% above against its bear-market low of $95.94 on May 09, 2018. It has retreated -13.27% since it’s 52-week high of $122.51 reached in January. Now the market price is down -7.93% on the year and down -2.1% YTD.
PEP’s 50 day simple moving average (SMA 50) price is $113.87 and its 200-day simple moving average (SMA 200) price is $109.69. The company’s stock currently has a total float of 1.41B shares. Its weekly volatility is hovering around 1.54% and felt 2.41% volatility in price over a month. On the upside, the share price will test short term resistance at around $108.56. On a downside, the stock is likely to find some support, which begins at $107.7. The failure to get near-term support could push it to $107.24.
It had seen a new analyst call from UBS, which initiated the stock at Neutral on December 13. Analysts at Macquarie, shed their positive views on October 05 by lowering it fromOutperform to Neutral. Brokerage firm Macquarie, looks cautious as they stick to prior recommendation of Outperform, in a call on September 28. However, they did change the target price from $120 to $122.
When looking at valuations, PepsiCo, Inc. (PEP) has a cheap P/E of 18.66x as compared to industry average of 36.74x. Moreover, it trades for 18.29 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 14.88x price/book and 2.36x price/sales. Compared to others, PepsiCo, Inc. is in a different league with regards to profitability, having net margins of 7.7%. To put some perspective around this, the industry’s average net margin is 5.9%. PEP’s ROE is 46.8%, which is also considerably better than the industry’s ROE of 11.73%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 3.41.
Shares of PepsiCo, Inc. (PEP) have dropped -2.3% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, PepsiCo, Inc. (NASDAQ:PEP) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 0 quarters (0%), whereas at 1 occasion EPS met analyst expectations. PEP last reported earnings on October 02, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.59 per share, 31.4% change on the same period last year. That was better than consensus for $1.57. Revenue for the recent quarter stood at $16.49 billion, up 2% on last year and above the $16.36 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $12.46 billion to $12.84 billion, which should be compared with $12.92 billion generated last year. EPS is seen in a range of $1.63 to $1.76, against the $1.68 reported a year ago.