PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares traded down 0.1% on Friday . The company traded as low as $130.65 and last traded at $131.40. 2,299,207 shares were traded during mid-day trading, a decline of 64% from the average session volume of 6,344,579 shares. The stock had previously closed at $131.50.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lowered their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.69.
Get Our Latest Stock Report on PepsiCo
PepsiCo Price Performance
The stock has a market cap of $181.14 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50 day simple moving average of $141.78 and a 200-day simple moving average of $149.90.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for 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 firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. PepsiCo's dividend payout ratio is 83.68%.
Institutional Trading of PepsiCo
A number of institutional investors have recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC raised its holdings in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after buying an additional 66 shares in the last quarter. Lincoln Capital LLC grew its position in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after acquiring an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC grew its position in PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its position in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors 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.
Further Reading
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