PepsiCo (NASDAQ:PEP) Sets New 1-Year Low - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $157.76 and last traded at $159.52, with a volume of 880318 shares traded. The stock had previously closed at $158.62.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PEP shares. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $183.92.

PepsiCo Stock Down 0.2 %

The firm has a fifty day simple moving average of $170.82 and a 200-day simple moving average of $171.50. The firm has a market cap of $217.23 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 2.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.32 billion for the quarter, compared to analysts' expectations of $23.86 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. grew its holdings in shares of PepsiCo by 4.4% during the second 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 lifted its stake in shares of PepsiCo by 2.2% in the second quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock worth $453,000 after acquiring an additional 59 shares during the period. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the period. Bank of Stockton lifted its stake in shares of PepsiCo by 2.3% in the second quarter. Bank of Stockton now owns 2,716 shares of the company's stock worth $448,000 after acquiring an additional 60 shares during the period. Finally, Oxbow Advisors LLC lifted its stake in shares of PepsiCo by 0.7% in the second quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after acquiring an additional 60 shares during the period. 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.