PepsiCo (NASDAQ:PEP) Stock Price Down 0.2% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s share price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $141.71 and last traded at $142.59. Approximately 1,734,455 shares changed hands during trading, a decline of 71% from the average daily volume of 6,070,458 shares. The stock had previously closed at $142.84.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $168.12.

PepsiCo Trading Down 2.0 %

The stock has a market capitalization of $192.05 billion, a PE ratio of 20.15, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a 50 day moving average price of $148.34 and a 200 day moving average price of $155.43.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.87%. PepsiCo’s payout ratio is presently 77.99%.

Institutional Trading of PepsiCo

Hedge funds have recently bought and sold shares of the business. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter worth $28,000. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $31,000. 73.07% of the stock is currently owned by 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.