PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as $133.55 and last traded at $133.02. 1,980,395 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 7,053,725 shares. The stock had previously closed at $135.04.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $158.19.
Check Out Our Latest Research Report on PEP
PepsiCo Trading Down 0.6%
The business's 50-day moving average price is $131.46 and its two-hundred day moving average price is $141.78. The company has a market capitalization of $185.45 billion, a P/E ratio of 19.89, a PEG ratio of 4.21 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 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 company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.
Institutional Investors Weigh In On PepsiCo
Several institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $25,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at about $28,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors.
PepsiCo Company Profile
(
Get Free Report)
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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