PepsiCo (NASDAQ:PEP) Shares Up 0.1%

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) were up 0.1% during mid-day trading on Monday . The stock traded as high as $176.32 and last traded at $175.68. Approximately 796,225 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 5,792,084 shares. The stock had previously closed at $175.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Wedbush reaffirmed an "outperform" rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Argus downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd. Morgan Stanley upgraded PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.42.

PepsiCo Trading Up 0.3 %

The stock has a market cap of $242.15 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.53. The firm has a 50-day simple moving average of $169.60 and a 200-day simple moving average of $168.05. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo's dividend payout ratio (DPR) is presently 76.09%.

Institutional Investors Weigh In On PepsiCo

Institutional investors and hedge funds have recently made changes to their positions in the business. TFG Advisers LLC increased its stake in PepsiCo by 2.8% in the third quarter. TFG Advisers LLC now owns 18,778 shares of the company's stock valued at $3,182,000 after acquiring an additional 519 shares during the last quarter. Penn Davis Mcfarland Inc. increased its stake in PepsiCo by 8.7% in the third quarter. Penn Davis Mcfarland Inc. now owns 2,485 shares of the company's stock valued at $421,000 after acquiring an additional 199 shares during the last quarter. First Personal Financial Services increased its stake in PepsiCo by 7.4% in the third quarter. First Personal Financial Services now owns 34,728 shares of the company's stock valued at $5,884,000 after acquiring an additional 2,396 shares during the last quarter. Zullo Investment Group Inc. grew its stake in shares of PepsiCo by 3.5% during the third quarter. Zullo Investment Group Inc. now owns 7,410 shares of the company's stock valued at $1,256,000 after buying an additional 250 shares during the last quarter. Finally, Accel Wealth Management grew its stake in shares of PepsiCo by 5.0% during the third quarter. Accel Wealth Management now owns 11,377 shares of the company's stock valued at $1,928,000 after buying an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

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.