PepsiCo (NASDAQ:PEP) Trading Down 1.8% Following Weak Earnings

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) traded down 1.8% on Friday following a dissappointing earnings announcement. The stock traded as low as $131.80 and last traded at $132.88. 3,325,126 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 6,120,013 shares. The stock had previously closed at $135.31.

The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.04%. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PEP shares. Bank of America cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $160.69.

Institutional Trading of PepsiCo

A number of hedge funds have recently bought and sold shares of PEP. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC grew its stake in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after buying an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Norges Bank acquired a new position in PepsiCo in the fourth quarter valued at approximately $2,729,565,000. Finally, Northern Trust Corp grew its position in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after acquiring an additional 1,306,818 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

The company has a market cap of $184.18 billion, a PE ratio of 19.33, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a 50-day simple moving average of $147.46 and a 200 day simple moving average of $153.37.

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.