PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) traded up 0.2% on Thursday . The company traded as high as $132.28 and last traded at $132.13. 966,317 shares traded hands during trading, a decline of 85% from the average session volume of 6,239,072 shares. The stock had previously closed at $131.91.
Analysts Set New Price Targets
PEP has been the subject of several recent analyst reports. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $160.69.
Check Out Our Latest Analysis on PepsiCo
PepsiCo Price Performance
The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock's 50-day simple moving average is $144.69 and its two-hundred day simple moving average is $151.64. The company has a market capitalization of $180.20 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 79.71%.
Institutional Trading of PepsiCo
Hedge funds have recently added to or reduced their stakes in the company. Range Financial Group LLC raised its stake in shares of PepsiCo by 24.0% during the 4th quarter. Range Financial Group LLC now owns 2,286 shares of the company's stock worth $348,000 after buying an additional 443 shares in the last quarter. Innova Wealth Partners acquired a new position in shares of PepsiCo in the fourth quarter worth $480,000. Sterneck Capital Management LLC grew its holdings in shares of PepsiCo by 18.6% during the fourth quarter. Sterneck Capital Management LLC now owns 1,642 shares of the company's stock worth $250,000 after buying an additional 257 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of PepsiCo by 9.4% during the 4th quarter. Fulton Bank N.A. now owns 25,141 shares of the company's stock worth $3,823,000 after purchasing an additional 2,158 shares during the period. Finally, InvesTrust purchased a new stake in PepsiCo in the 4th quarter valued at about $6,268,000. Institutional investors and hedge funds 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.
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