PepsiCo (NASDAQ:PEP) Reaches New 1-Year Low - What's Next?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price reached a new 52-week low on Saturday . The stock traded as low as $127.75 and last traded at $129.34, with a volume of 8116528 shares trading hands. The stock had previously closed at $130.12.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PEP shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America decreased their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 1.6%

The firm's 50-day moving average price is $139.16 and its 200-day moving average price is $147.95. The company has a market cap of $180.10 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. 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 - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned $1.61 EPS. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. Collier Financial bought a new position in PepsiCo during the fourth quarter worth about $28,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the fourth quarter worth $30,000. 73.07% of the stock is currently owned by institutional investors.

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.