PepsiCo (NASDAQ:PEP) Stock Price Down 0.1% - Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) traded down 0.1% on Wednesday . The stock traded as low as $138.33 and last traded at $140.14. 2,210,648 shares were traded during mid-day trading, a decline of 63% from the average session volume of 5,988,334 shares. The stock had previously closed at $140.30.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $169.88.

Remove Ads

PepsiCo Stock Up 0.2 %

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

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. Perkins Coie Trust Co boosted its holdings in shares of PepsiCo by 0.3% in the 1st quarter. Perkins Coie Trust Co now owns 32,642 shares of the company's stock valued at $4,894,000 after acquiring an additional 104 shares during the last quarter. Piscataqua Savings Bank boosted its holdings in PepsiCo by 2.0% in the first quarter. Piscataqua Savings Bank now owns 8,450 shares of the company's stock valued at $1,267,000 after purchasing an additional 165 shares during the last quarter. Godsey & Gibb Inc. grew its position in PepsiCo by 10.9% during the 1st quarter. Godsey & Gibb Inc. now owns 130,283 shares of the company's stock worth $19,535,000 after purchasing an additional 12,789 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of PepsiCo by 10.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 353,082 shares of the company's stock valued at $52,941,000 after buying an additional 33,046 shares during the period. Finally, KFG Wealth Management LLC boosted its stake in shares of PepsiCo by 15.0% in the first quarter. KFG Wealth Management LLC now owns 5,586 shares of the company's stock worth $838,000 after buying an additional 730 shares during 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.