PepsiCo (NASDAQ:PEP) Stock Price Down 0.2%

PepsiCo, Inc. (NASDAQ:PEP)’s stock price dropped 0.2% during trading on Friday . The company traded as low as $174.34 and last traded at $176.37. Approximately 1,261,175 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 5,812,822 shares. The stock had previously closed at $176.68.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Down 0.6 %

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The business has a 50 day simple moving average of $169.22 and a 200-day simple moving average of $167.76. The stock has a market capitalization of $241.39 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the previous year, the business earned $1.50 earnings per share. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio is currently 76.09%.

Institutional Investors Weigh In On PepsiCo

Hedge funds have recently modified their holdings of the stock. Strategy Asset Managers LLC grew its stake in shares of PepsiCo by 0.9% in the first quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock valued at $1,161,000 after buying an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC lifted its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares during the last quarter. Finally, SYM FINANCIAL Corp increased its stake in shares of PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods 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.