PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares dropped 1.9% during mid-day trading on Friday . The stock traded as low as $171.26 and last traded at $171.35. Approximately 2,484,107 shares changed hands during trading, a decline of 54% from the average daily volume of 5,420,722 shares. The stock had previously closed at $174.66.
Wall Street Analysts Forecast Growth
PEP has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on PepsiCo from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, July 9th. DZ Bank lowered 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. JPMorgan Chase & Co. decreased their price target on PepsiCo from $184.00 to $182.00 and set a "neutral" rating on the stock in a report on Friday, July 12th. Royal Bank of Canada decreased their price target on PepsiCo from $180.00 to $177.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $185.53.
Check Out Our Latest Stock Analysis on PepsiCo
PepsiCo Stock Down 2.0 %
The company has a 50-day simple moving average of $173.51 and a 200 day simple moving average of $171.74. The company has a market cap of $235.13 billion, a P/E ratio of 24.84, a P/E/G 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 announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the prior year, the company posted $2.09 EPS. PepsiCo's quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.
PepsiCo Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo's payout ratio is 78.66%.
Hedge Funds Weigh In On PepsiCo
Hedge funds and other institutional investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC lifted its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 69 shares during the last quarter. POM Investment Strategies LLC lifted its stake in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 2nd quarter worth $30,000. Fortis Group Advisors LLC lifted its stake in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth $35,000. Institutional investors own 73.07% of the company's stock.
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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