PepsiCo (NASDAQ:PEP) Stock Price Up 1.3% - What's Next?

Key Points

• PepsiCo's stock price rose by 1.3%, reaching a last trade price of $148.77, with a trading volume significantly lower than its average.
• Analysts have mixed outlooks on PepsiCo, with target prices ranging from $145.00 to $175.00 and a consensus rating of "Hold".
• The company recently announced a quarterly dividend of $1.4225 per share, reflecting a 3.8% yield and a payout ratio of 103.64%.

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price rose 1.3% during mid-day trading on Wednesday . The stock traded as high as $148.47 and last traded at $148.77. Approximately 1,331,853 shares changed hands during trading, a decline of 84% from the average daily volume of 8,461,726 shares. The stock had previously closed at $146.87.

Analyst Ratings Changes

A number of equities analysts have issued reports on PEP shares. Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $158.73.

PepsiCo Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market cap of $204.47 billion, a P/E ratio of 27.20, a PEG ratio of 3.86 and a beta of 0.45. The firm's fifty day moving average price is $136.29 and its 200-day moving average price is $140.61.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG raised its position in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the period. LaSalle St. Investment Advisors LLC raised its position in PepsiCo by 2.9% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 3,007 shares of the company's stock worth $457,000 after acquiring an additional 85 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in PepsiCo in the fourth quarter worth approximately $10,402,000. Finally, Rossby Financial LCC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $211,000. Institutional investors own 73.07% of the company's stock.

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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