PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) was up 0.2% during trading on Wednesday . The stock traded as high as $153.15 and last traded at $152.06. Approximately 4,274,157 shares were traded during trading, a decline of 23% from the average daily volume of 5,585,426 shares. The stock had previously closed at $151.72.
Analyst Upgrades and Downgrades
PEP has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a "hold" rating to a "buy" rating and lifted their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Finally, Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $184.31.
Check Out Our Latest Analysis on PepsiCo
PepsiCo Trading Up 0.2 %
The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a market capitalization of $208.62 billion, a P/E ratio of 22.43, a PEG ratio of 2.94 and a beta of 0.52. The firm has a 50 day simple moving average of $160.39 and a two-hundred day simple moving average of $167.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm's revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.25 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.
PepsiCo Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.56%. PepsiCo's dividend payout ratio (DPR) is currently 79.94%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in PepsiCo by 17,113.0% in the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock worth $547,626,000 after buying an additional 3,201,676 shares during the last quarter. State Street Corp increased its holdings in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. raised its stake in PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares during the period. Swedbank AB boosted its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of PepsiCo by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after purchasing an additional 1,125,059 shares in the last quarter. Institutional investors own 73.07% of the company's stock.
PepsiCo Company Profile
(
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.
Further Reading
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