PepsiCo (NASDAQ:PEP) Hits New 12-Month Low - Here's Why

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $140.67 and last traded at $142.88, with a volume of 3891237 shares traded. The stock had previously closed at $146.61.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. Finally, Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $169.88.

PepsiCo Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $198.06 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 3.09 and a beta of 0.49. The company's 50 day moving average is $148.37 and its 200-day moving average is $155.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $2,729,565,000. GAMMA Investing LLC boosted its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. acquired a new position in PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

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.