PepsiCo (NASDAQ:PEP) Stock Price Down 0.8% - Should You Sell?

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. 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. Morgan Stanley reduced their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

The company has a market capitalization of $181.16 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a fifty day moving average price of $145.94 and a 200 day moving average price of $152.23.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.10%. PepsiCo's dividend payout ratio (DPR) is 79.71%.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Collier Financial purchased a new stake in PepsiCo in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.

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