PepsiCo (NASDAQ:PEP) Stock Price Down 0.9% - Here's Why

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) fell 0.9% during mid-day trading on Tuesday . The company traded as low as $130.38 and last traded at $130.85. 1,684,361 shares traded hands during trading, a decline of 73% from the average session volume of 6,218,296 shares. The stock had previously closed at $131.99.

Analyst Ratings Changes

A number of research firms have commented on PEP. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Finally, Citigroup cut their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One 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, the stock has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Up 0.7 %

The company has a fifty day simple moving average of $144.69 and a 200-day simple moving average of $151.64. The stock has a market cap of $182.08 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.28%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is 79.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PEP. SlateStone Wealth LLC lifted its position in shares of PepsiCo by 1.5% in the first quarter. SlateStone Wealth LLC now owns 114,860 shares of the company's stock worth $17,222,000 after buying an additional 1,734 shares during the last quarter. 360 Financial Inc. grew its position in shares of PepsiCo by 156.3% in the first quarter. 360 Financial Inc. now owns 5,403 shares of the company's stock valued at $810,000 after purchasing an additional 3,295 shares during the last quarter. Wellington Shields & Co. LLC lifted its position in shares of PepsiCo by 3.5% during the 1st quarter. Wellington Shields & Co. LLC now owns 5,915 shares of the company's stock worth $887,000 after purchasing an additional 200 shares during the last quarter. Arkadios Wealth Advisors increased its position in PepsiCo by 66.4% in the 1st quarter. Arkadios Wealth Advisors now owns 22,280 shares of the company's stock worth $3,341,000 after buying an additional 8,893 shares during the period. Finally, Brucke Financial Inc. boosted its position in shares of PepsiCo by 51.0% in the first quarter. Brucke Financial Inc. now owns 2,178 shares of the company's stock valued at $327,000 after acquiring an additional 736 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

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.