PepsiCo (NASDAQ:PEP) Trading Down 0.7% - Should You Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) dropped 0.7% on Thursday . The company traded as low as $133.24 and last traded at $134.62. Approximately 1,454,982 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 6,172,837 shares. The stock had previously closed at $135.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PEP shares. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Down 1.0 %

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 firm has a market capitalization of $181.53 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm has a 50 day moving average price of $145.94 and a two-hundred day moving average price of $152.23.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio is 79.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tcfg Wealth Management LLC boosted its position in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC raised its stake in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC raised its stake in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $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. raised its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.