PepsiCo (NASDAQ:PEP) Stock Price Up 0% - Time to Buy?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price traded up 0% during mid-day trading on Thursday . The stock traded as high as $167.18 and last traded at $166.29. 738,739 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,441,210 shares. The stock had previously closed at $166.21.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PEP shares. Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. DZ Bank downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. Morgan Stanley downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. Jefferies Financial Group dropped their target price on PepsiCo from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $183.92.

PepsiCo Trading Up 0.5 %

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company's fifty day moving average is $173.43 and its two-hundred day moving average is $172.25. The company has a market cap of $229.69 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 3.20 and a beta of 0.53.

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

Institutional Investors Weigh In On PepsiCo

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of PepsiCo by 17,113.0% in the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock worth $547,626,000 after acquiring an additional 3,201,676 shares during the period. Flossbach Von Storch AG boosted its position in PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company's stock worth $798,047,000 after purchasing an additional 1,832,385 shares in the last quarter. Swedbank AB grew its holdings in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. PineStone Asset Management Inc. increased its position in shares of PepsiCo by 125.2% in the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company's stock valued at $452,003,000 after buying an additional 1,523,631 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of PepsiCo by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock worth $2,234,400,000 after buying an additional 905,468 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

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.

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