PepsiCo (NASDAQ:PEP) Stock Price Down 0%

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) was down 0% during trading on Thursday . The company traded as low as $174.15 and last traded at $175.20. Approximately 1,237,108 shares traded hands during trading, a decline of 77% from the average daily volume of 5,412,387 shares. The stock had previously closed at $175.21.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PEP. 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. Barclays lifted their target price on PepsiCo from $179.00 to $187.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $184.00 to $182.00 and set a "neutral" rating for the company in a research report on Friday, July 12th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a research note on Wednesday, August 28th. Finally, TD Cowen cut their price target on shares of PepsiCo from $200.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, July 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo has an average rating of "Moderate Buy" and an average target price of $185.53.

PepsiCo Stock Performance

The firm's fifty day moving average price is $173.42 and its two-hundred day moving average price is $171.70. The stock has a market capitalization of $240.12 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the firm posted $2.09 earnings per share. The company's revenue was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo's dividend payout ratio is currently 78.66%.

Institutional Investors Weigh In On PepsiCo

A number of large investors have recently made changes to their positions in the stock. Valued Wealth Advisors LLC boosted its stake in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company's stock worth $28,000 after buying an additional 69 shares during the period. POM Investment Strategies LLC boosted its holdings in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in PepsiCo in the 2nd quarter valued at about $30,000. Fortis Group Advisors LLC lifted its position in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo in the first quarter valued at approximately $35,000. 73.07% of the stock is currently owned by hedge funds and other 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.