PepsiCo (NASDAQ:PEP) Trading Down 0.1% – Here’s What Happened

PepsiCo, Inc. (NASDAQ:PEP)’s stock price was down 0.1% during trading on Tuesday . The company traded as low as $141.60 and last traded at $143.26. Approximately 2,083,472 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 6,711,949 shares. The stock had previously closed at $143.39.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEP shares. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

The firm has a market capitalization of $204.49 billion, a PE ratio of 21.45, a P/E/G ratio of 2.97 and a beta of 0.54. The company has a 50-day moving average price of $148.94 and a 200-day moving average price of $162.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at about $28,000. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Hedge funds and other 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.