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

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price fell 0.1% on Wednesday . The company traded as low as $130.27 and last traded at $130.55. 1,355,166 shares were traded 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 Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PEP shares. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

The stock has a market cap of $180.81 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business's 50-day moving average price is $145.13 and its 200-day moving average price is $151.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during 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%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. PepsiCo's payout ratio is currently 79.71%.

Institutional Trading of PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in PepsiCo during the fourth quarter valued at $2,729,565,000. GAMMA Investing LLC raised its position in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after buying an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. purchased a new position in PepsiCo in the fourth quarter worth about $589,307,000. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares during the period. 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.

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