PepsiCo (NASDAQ:PEP) Trading Down 0.1% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price was down 0.1% during trading on Monday . The company traded as low as $131.49 and last traded at $131.81. Approximately 1,812,034 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 6,361,778 shares. The stock had previously closed at $131.98.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of $141.38 and a two-hundred day simple moving average of $149.42. The company has a market cap of $180.69 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company earned $1.61 EPS. The company's revenue was down 1.8% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently modified their holdings of the company. Ossiam grew its stake in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. lifted its stake in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after buying an additional 6,865 shares in the last quarter. Guinness Asset Management LTD grew its holdings in PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after buying an additional 61,541 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Hedge funds and other 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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