PepsiCo (NASDAQ:PEP) Stock Price Down 0.3% - Here's Why

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price was down 0.3% during trading on Wednesday . The company traded as low as $166.55 and last traded at $167.02. Approximately 589,788 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 5,443,547 shares. The stock had previously closed at $167.50.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PEP shares. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Finally, Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $183.92.

PepsiCo Trading Down 0.8 %

The company has a market capitalization of $228.50 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.20 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company's 50 day simple moving average is $173.43 and its two-hundred day simple moving average is $172.25.

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

Institutional Investors Weigh In On PepsiCo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock valued at $547,626,000 after purchasing an additional 3,201,676 shares during the period. Flossbach Von Storch AG lifted 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 valued at $798,047,000 after purchasing an additional 1,832,385 shares during the period. Swedbank AB lifted its position in PepsiCo by 211.4% during 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 holdings in 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, Van ECK Associates Corp increased its holdings in PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company's stock valued at $254,603,000 after buying an additional 1,179,922 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.