Thursday, October 12, 2017 10:15 PM ET
Insider Selling at PepsiCo (PEP) is Significant
A filing with the SEC today disclosed a significant insider sale of PepsiCo shares as — Ramon Laguarta, Officer — sold 21,449 shares in the company having a market value of approximately $2,370,262. This is the first insider buy/sell trade in the past 90 days.
Over the last 90 days, the number of insider buy/sell trades at PepsiCo is above its 5-company peer group average. The Carbonated Soft Drinks peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. However, the number of shares traded per transaction by PepsiCo insiders is lower than its peers. Within the peer group there were 166,402 shares purchased and 0 shares sold with company insiders purchasing 166,402 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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