Today PepsiCo, Inc. Had High Bullish Options Activity

 Today PepsiCo, Inc. Had High Bullish Options Activity

In today’s session PepsiCo, Inc. (PEP) registered an unusually high (393) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PEP increase. With 393 contracts traded and 24174 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PEP161216C00110000 closed last at: $0.63 or 12.5% down. About 1.26 million shares traded hands. PepsiCo, Inc. (NYSE:PEP) has risen 2.63% since April 5, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

PepsiCo, Inc. (NYSE:PEP) Ratings Coverage

Out of 14 analysts covering PepsiCo (NYSE:PEP), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. $122 is the highest target while $81 is the lowest. The $107.31 average target is 0.70% above today’s ($106.56) stock price. PepsiCo has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained PepsiCo, Inc. (NYSE:PEP) rating on Tuesday, April 19. Citigroup has “Neutral” rating and $110 price target. The firm earned “Buy” rating on Friday, September 30 by Jefferies. As per Thursday, August 27, the company rating was downgraded by Vetr. The firm has “Outperform” rating by Credit Suisse given on Friday, September 16. The stock of PepsiCo, Inc. (NYSE:PEP) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. The rating was maintained by UBS with “Buy” on Wednesday, October 7. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 7. The firm has “Buy” rating by Deutsche Bank given on Friday, July 8. The rating was maintained by JP Morgan on Tuesday, April 19 with “Overweight”. The firm has “Neutral” rating given on Friday, February 26 by Sterne Agee CRT.

According to Zacks Investment Research, “PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. PepsiCo brands are among the best known and most respected in the world and are available in countries and territories throughout the world. PepsiCo’s success is the result of superior products, high standards of performance, distinctive competitive strategies and the high integrity of its people.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.04, from 0.91 in 2016Q1. The ratio dropped, as 40 funds sold all PepsiCo, Inc. shares owned while 737 reduced positions. 75 funds bought stakes while 600 increased positions. They now own 977.04 million shares or 4.41% less from 1.02 billion shares in 2016Q1.
Concert Wealth last reported 0.35% of its portfolio in the stock. Aureus Asset Mgmt Limited Liability Corporation accumulated 6,000 shares or 0.07% of the stock. Cypress Asset Management Tx last reported 2.89% of its portfolio in the stock. Capwealth Limited Liability Company holds 73,196 shares or 1.89% of its portfolio. Academy Capital Management Tx has 4.88% invested in the company for 174,601 shares. Prns Oh Adv, a Ohio-based fund reported 5,454 shares. Voloridge Investment Mngmt Ltd has 0.9% invested in the company for 298,296 shares. Bb&T Limited Company holds 757,139 shares or 1.24% of its portfolio. Hedeker Wealth Limited Liability Company last reported 2.01% of its portfolio in the stock. Moreover, Franklin Street Advsr Nc has 0.34% invested in PepsiCo, Inc. (NYSE:PEP) for 16,914 shares. Honeywell Int holds 1.25% or 461,000 shares in its portfolio. Creative Planning holds 0.15% or 191,047 shares in its portfolio. The Wisconsin-based Cap Inv Service Of America Inc has invested 0.11% in PepsiCo, Inc. (NYSE:PEP). Goelzer Investment Mgmt Inc owns 65,162 shares or 0.95% of their US portfolio. Private Wealth Partners Limited Liability Com accumulated 26,125 shares or 0.67% of the stock.

Insider Transactions: Since July 11, 2016, the stock had 0 insider purchases, and 5 insider sales for $27.68 million net activity. Khan Mehmood also sold $5.49M worth of PepsiCo, Inc. (NYSE:PEP) on Thursday, July 28. Shares for $1.86 million were sold by Laguarta Ramon. $18.50M worth of shares were sold by Carey Albert P on Tuesday, July 12. 13,586 PepsiCo, Inc. (NYSE:PEP) shares with value of $1.48 million were sold by Gallagher Marie T.. Narasimhan Laxman sold $351,236 worth of PepsiCo, Inc. (NYSE:PEP) on Wednesday, July 13.

PepsiCo, Inc. is a food and beverage company. The company has a market cap of $152.83 billion. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. It has a 23.35 P/E ratio. The Firm operates through six divisions, namely, Frito-Lay North America ; Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

PEP Company Profile

PepsiCo, Inc., incorporated on November 13, 1986, is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Firm operates through six divisions, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa. The Company’s brands include Agusha, Amp Energy, Aquafina, Aquafina Flavorsplash, Aunt Jemima, Cap’n Crunch, Cheetos, Chester’s, Chipsy, Chudo, Cracker Jack, Crunchy, Diet Mountain Dew, Diet Mug, Diet Pepsi, Diet Sierra Mist, Domik v Derevne, Doritos, Duyvis, Elma Chips, Emperador, Frito-Lay, Fritos, Fruktovy Sad, Frustyle, G Series, G2, Gatorade, Grandma’s, Imunele, Izze, Kas, Kurkure, Lay’s, Life, Lifewater, Lubimy, Manzanita Sol, Marias Gamesa, Matutano, Mirinda, Miss Vickie’s, Mother’s, Mountain Dew, Mountain Dew Code Red, Mountain Dew Kickstart, Mug, Munchies, Naked, Near East, O.N.E., Paso de los Toros, Pasta Roni, Pepsi, Pepsi Max, Pepsi Next, Propel, Quaker, Quaker Chewy, Rice-A-Roni, Rold Gold, Rosquinhas Mabel, Ruffles, Sabritas, Sakata, Saladitas, Sandora, Santitas, 7UP (outside the United States) and 7UP Free (outside the United States), Sierra Mist, Simba, Smartfood, Smith’s, Snack a Jacks, SoBe, SoBe Lifewater, SoBe V Water, Sonric’s, Stacy’s, Sting, SunChips, Tonus, Tostitos, Trop 50, Tropicana, Tropicana Farmstand, Tropicana Pure Premium, Tropicana Twister, Vesely Molochnik, Walkers and Ya.

More important recent PepsiCo, Inc. (NYSE:PEP) news were published by: Reuters.com which released: “PepsiCo sets global target for sugar reduction” on October 17, 2016, also Fool.com published article titled: “PepsiCo Inc. Takes a Long-term View With Its Major Plans to Cut Back on Sugar”, Seekingalpha.com published: “PepsiCo: DG Champion Priced Right For The Value” on November 06, 2016. More interesting news about PepsiCo, Inc. (NYSE:PEP) was released by: Seekingalpha.com and their article: “Coca-Cola Co./PepsiCo Inc.: Two Dividend Income, Defensive Companies, Should …” with publication date: October 21, 2016.

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