PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $130.06 and last traded at $131.19, with a volume of 1320221 shares changing hands. The stock had previously closed at $130.44.
Analyst Ratings Changes
Several research analysts recently commented on PEP shares. Citigroup reduced their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $160.69.
Read Our Latest Stock Analysis on PEP
PepsiCo Stock Performance
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 $180.28 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a 50 day simple moving average of $143.73 and a 200-day simple moving average of $150.74.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.
Institutional Trading of PepsiCo
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ossiam boosted its stake in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after acquiring an additional 870,451 shares during the period. Hutner Capital Management Inc. raised its stake in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares in the last quarter. Guinness Asset Management LTD increased its stake in PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after purchasing an additional 61,541 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after buying an additional 8,759 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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