PepsiCo (NASDAQ:PEP) Shares Down 1% - Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price was down 1% during trading on Tuesday . The stock traded as low as $134.14 and last traded at $134.19. Approximately 2,137,322 shares changed hands during trading, a decline of 70% from the average daily volume of 7,066,072 shares. The stock had previously closed at $135.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PEP shares. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $158.19.

PepsiCo Price Performance

The firm has a market cap of $184.19 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The business has a 50-day simple moving average of $131.56 and a 200 day simple moving average of $141.38. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.24%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Hedge Funds Weigh In On PepsiCo

Several institutional investors and hedge funds have recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter valued at about $25,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.

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