PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price fell 0.9% during trading on Thursday . The stock traded as low as $128.82 and last traded at $128.98. 1,595,950 shares changed hands during trading, a decline of 75% from the average session volume of 6,414,240 shares. The stock had previously closed at $130.15.
Analyst Ratings Changes
A number of research firms have commented on PEP. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Morgan Stanley decreased their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. 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. Finally, Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Research Report on PEP
PepsiCo Price Performance
The company has a market cap of $178.39 billion, a PE ratio of 18.73, a PEG ratio of 3.09 and a beta of 0.47. The firm's 50-day moving average is $140.35 and its 200-day moving average is $148.94. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company posted $1.61 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
Institutional Trading of PepsiCo
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $224,000. Pure Financial Advisors LLC grew its stake in PepsiCo by 23.6% during the fourth quarter. Pure Financial Advisors LLC now owns 6,312 shares of the company's stock worth $960,000 after buying an additional 1,207 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in PepsiCo by 56.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company's stock worth $1,050,000 after acquiring an additional 2,487 shares during the period. Transform Wealth LLC purchased a new position in PepsiCo in the fourth quarter valued at about $274,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of PepsiCo by 19.1% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company's stock valued at $59,614,000 after purchasing an additional 62,808 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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