PepsiCo (NASDAQ:PEP) Stock Price Up 0.2% - What's Next?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price shot up 0.2% on Monday . The stock traded as high as $132.33 and last traded at $130.75. 2,176,896 shares traded hands during trading, a decline of 65% from the average session volume of 6,273,635 shares. The stock had previously closed at $130.44.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Bank of America decreased their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays reduced their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Up 1.0%

The stock has a market capitalization of $180.54 billion, a PE ratio of 18.95, a P/E/G ratio of 3.09 and a beta of 0.47. The firm has a 50 day moving average price of $143.73 and a 200 day moving average price of $150.74. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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 analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for 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 business's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. 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 presently 83.68%.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the company. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter valued at $30,000. Finally, Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter valued at $30,000. 73.07% of the stock is owned by institutional investors.

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.

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