PepsiCo (NASDAQ:PEP) Stock Price Down 1% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares traded down 1% on Monday . The company traded as low as $141.17 and last traded at $141.46. 925,348 shares traded hands during trading, a decline of 85% from the average session volume of 6,087,972 shares. The stock had previously closed at $142.84.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $162.00.

PepsiCo Price Performance

The stock has a market cap of $182.91 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The stock has a fifty day moving average of $147.70 and a two-hundred day moving average of $153.92. 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 released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Hedge Funds Weigh In On PepsiCo

Hedge funds have recently bought and sold shares of the stock. Collier Financial acquired a new position in PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

About PepsiCo

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.