PepsiCo (NASDAQ:PEP) Trading Down 0.2%

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PEP shares. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Barclays upped their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Trading Down 0.6 %

The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business’s fifty day moving average is $169.40 and its 200 day moving average is $167.88. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53.

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

PepsiCo Announces Dividend

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

Institutional Trading of PepsiCo

Institutional investors have recently bought and sold shares of the business. Blue Fin Capital Inc. increased its position in shares of PepsiCo by 3.2% during the third quarter. Blue Fin Capital Inc. now owns 9,163 shares of the company’s stock worth $1,553,000 after buying an additional 285 shares during the period. WestEnd Advisors LLC increased its holdings in PepsiCo by 1.4% during the third quarter. WestEnd Advisors LLC now owns 192,277 shares of the company’s stock worth $32,579,000 after buying an additional 2,613 shares during the last quarter. Heritage Financial Services LLC increased its holdings in PepsiCo by 7.2% during the third quarter. Heritage Financial Services LLC now owns 1,192 shares of the company’s stock worth $202,000 after buying an additional 80 shares during the last quarter. Ballast Advisors LLC increased its holdings in PepsiCo by 54.0% during the third quarter. Ballast Advisors LLC now owns 5,798 shares of the company’s stock worth $982,000 after buying an additional 2,034 shares during the last quarter. Finally, Financial & Tax Architects LLC increased its stake in shares of PepsiCo by 3.6% in the third quarter. Financial & Tax Architects LLC now owns 29,957 shares of the company’s stock worth $5,076,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

About PepsiCo

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.