PepsiCo (NASDAQ:PEP) Stock Price Up 0.3% - Time to Buy?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares were up 0.3% during trading on Wednesday . The stock traded as high as $136.18 and last traded at $134.78. Approximately 2,061,737 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 6,161,386 shares. The stock had previously closed at $134.31.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Morgan Stanley dropped their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Finally, HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

The stock has a market capitalization of $183.38 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The stock's 50-day simple moving average is $145.94 and its 200 day simple moving average is $152.38. 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 released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.61 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Institutional Trading of PepsiCo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Collier Financial acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds 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.