PepsiCo (NASDAQ:PEP) Reaches New 52-Week Low - Here's Why

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $131.52 and last traded at $134.31, with a volume of 7007808 shares trading hands. The stock had previously closed at $133.76.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PEP shares. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Up 0.1 %

The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $183.41 billion, a PE ratio of 19.24, a PEG ratio of 3.09 and a beta of 0.49. The stock's 50 day simple moving average is $146.40 and its two-hundred day simple moving average is $152.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 EPS. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 79.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $28,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. 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.