PepsiCo (NASDAQ:PEP) Stock Price Down 0.8% - Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price traded down 0.8% during trading on Monday . The stock traded as low as $131.72 and last traded at $132.72. 1,692,432 shares changed hands during trading, a decline of 73% from the average session volume of 6,207,335 shares. The stock had previously closed at $133.75.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

The stock's 50 day moving average price is $143.73 and its 200 day moving average price is $151.04. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $178.84 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Institutional Trading of PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of PEP. Keynote Financial Services LLC grew its stake in PepsiCo by 6.1% during the first quarter. Keynote Financial Services LLC now owns 3,050 shares of the company's stock worth $457,000 after buying an additional 175 shares during the period. Headlands Technologies LLC purchased a new stake in PepsiCo during the 1st quarter worth $9,533,000. Deutsche Bank AG increased its holdings in PepsiCo by 14.3% in the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after purchasing an additional 1,165,745 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in PepsiCo by 11.9% in the first quarter. Chicago Partners Investment Group LLC now owns 16,895 shares of the company's stock valued at $2,533,000 after purchasing an additional 1,802 shares during the period. Finally, Commonwealth Financial Services LLC boosted its position in shares of PepsiCo by 4.5% in the first quarter. Commonwealth Financial Services LLC now owns 4,271 shares of the company's stock worth $640,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

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.