PepsiCo (NASDAQ:PEP) Shares Down 0.1% - Here's Why

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $130.27 and last traded at $130.55. 1,355,166 shares changed hands during trading, a decline of 78% from the average session volume of 6,229,964 shares. The stock had previously closed at $130.74.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays decreased their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Finally, Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. 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. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Stock 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's 50 day moving average is $143.73 and its 200 day moving average is $150.88. The firm has a market cap of $178.84 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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). The company had revenue of $17.92 billion during 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Institutional Trading of PepsiCo

Several large investors have recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth $28,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter worth approximately $30,000. 73.07% of the stock is 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.