PepsiCo (NASDAQ:PEP) Stock Price Up 0.2% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) was up 0.2% during trading on Friday . The company traded as high as $134.40 and last traded at $133.76. Approximately 2,005,933 shares changed hands during trading, a decline of 68% from the average daily volume of 6,184,621 shares. The stock had previously closed at $133.55.

Analysts Set New Price Targets

A number of research firms have weighed in on PEP. TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Bank of America cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Up 0.1 %

The stock has a market cap of $183.38 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a 50-day moving average price of $145.94 and a two-hundred day moving average price of $152.38. 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 released 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 firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is currently 79.71%.

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Planning Co of New England Inc. lifted its holdings in PepsiCo by 323.3% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 23,936 shares of the company's stock valued at $3,589,000 after buying an additional 18,282 shares in the last quarter. Pettee Investors Inc. boosted its holdings in shares of PepsiCo by 3.2% in the first quarter. Pettee Investors Inc. now owns 11,587 shares of the company's stock valued at $1,737,000 after purchasing an additional 360 shares during the period. Members Trust Co increased its holdings in PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after purchasing an additional 77 shares during the period. Frederick Financial Consultants LLC raised its position in PepsiCo by 17.1% during the 1st quarter. Frederick Financial Consultants LLC now owns 1,838 shares of the company's stock valued at $276,000 after purchasing an additional 268 shares in the last quarter. Finally, Bailard Inc. grew its position in shares of PepsiCo by 2.9% during the 1st quarter. Bailard Inc. now owns 73,876 shares of the company's stock worth $11,077,000 after buying an additional 2,107 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

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.