PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares shot up 0.8% on Tuesday . The stock traded as high as $168.34 and last traded at $168.29. 963,106 shares were traded during mid-day trading, a decline of 83% from the average session volume of 5,697,360 shares. The stock had previously closed at $166.95.
Analyst Ratings Changes
Several research firms have weighed in on PEP. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Monday, February 12th. Barclays increased their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday. Wedbush reissued an "outperform" rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Citigroup raised shares of PepsiCo from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Argus downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.92.
Get Our Latest Stock Analysis on PepsiCo
PepsiCo Trading Up 0.3 %
The business's 50-day moving average is $168.62 and its two-hundred day moving average is $167.37. The firm has a market cap of $230.23 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.64 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the firm posted $1.67 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Thursday, February 29th. PepsiCo's dividend payout ratio is presently 77.02%.
Institutional Trading of PepsiCo
Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in PepsiCo by 34.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company's stock worth $188,812,000 after purchasing an additional 286,169 shares in the last quarter. AMI Investment Management Inc. raised its stake in PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company's stock worth $2,783,000 after purchasing an additional 113 shares in the last quarter. Mather Group LLC. raised its stake in PepsiCo by 29.3% in the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company's stock worth $931,000 after purchasing an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC raised its stake in PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company's stock worth $501,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Equitable Holdings Inc. raised its stake in PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company's stock worth $4,504,000 after purchasing an additional 2,116 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
About PepsiCo
(
Get Free Report)
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.
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