PepsiCo (NASDAQ:PEP) Trading Down 1.5% - What's Next?

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) were down 1.5% on Wednesday . The stock traded as low as $133.55 and last traded at $133.02. Approximately 1,980,395 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 7,053,725 shares. The stock had previously closed at $135.04.

Wall Street Analyst Weigh In

Several brokerages recently commented on PEP. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday. Morgan Stanley cut their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.50.

PepsiCo Stock Up 1.2%

The firm's 50-day moving average is $131.41 and its two-hundred day moving average is $141.88. The stock has a market cap of $186.58 billion, a P/E ratio of 20.01, a PEG ratio of 4.21 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. On average, equities research 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 was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Institutional Investors Weigh In On PepsiCo

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after buying an additional 824 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of PepsiCo by 126.6% during the fourth quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock worth $392,000 after buying an additional 1,441 shares in the last quarter. Finally, Windle Wealth LLC lifted its stake in shares of PepsiCo by 9.1% in the 4th quarter. Windle Wealth LLC now owns 41,942 shares of the company's stock valued at $6,378,000 after acquiring an additional 3,484 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

About PepsiCo

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.