PepsiCo (NASDAQ:PEP) Stock Price Up 0.1% - What's Next?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price rose 0.1% during mid-day trading on Friday . The stock traded as high as $175.00 and last traded at $174.78. Approximately 1,088,946 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 5,472,859 shares. The stock had previously closed at $174.67.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, July 9th. Barclays dropped their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. TD Cowen cut PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo Trading Up 0.2 %

The stock has a 50-day simple moving average of $173.73 and a 200 day simple moving average of $172.12. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $240.18 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.28 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The firm's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. PepsiCo's dividend payout ratio (DPR) is presently 79.94%.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently modified their holdings of the stock. Meixler Investment Management Ltd. raised its position in shares of PepsiCo by 4.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock worth $228,000 after purchasing an additional 58 shares during the last quarter. Opes Wealth Management LLC raised its position in shares of PepsiCo by 2.2% during the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock worth $453,000 after purchasing an additional 59 shares during the last quarter. Global Wealth Strategies & Associates raised its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Bank of Stockton raised its position in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company's stock worth $448,000 after purchasing an additional 60 shares during the last quarter. Finally, Oxbow Advisors LLC raised its position in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds 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.