PepsiCo (NASDAQ:PEP) Sets New 12-Month Low - Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $130.38 and last traded at $131.03, with a volume of 865708 shares changing hands. The stock had previously closed at $131.99.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Down 0.9 %

The firm has a market capitalization of $179.41 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm has a fifty day simple moving average of $145.55 and a two-hundred day simple moving average of $151.92. 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 released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $17.81 billion. During the same period last year, the company earned $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in PepsiCo in the 4th quarter worth approximately $2,729,565,000. GAMMA Investing LLC increased its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the last quarter. 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.

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