PepsiCo (NASDAQ:PEP) Trading Down 0.1% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $141.60 and last traded at $143.26. 2,083,472 shares were traded during trading, a decline of 69% from the average session volume of 6,711,949 shares. The stock had previously closed at $143.39.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group decreased their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Evercore ISI reduced their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $171.47.

PepsiCo Trading Up 3.0 %

The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a fifty day moving average of $148.75 and a 200-day moving average of $162.39. The firm has a market capitalization of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the company earned $1.78 earnings per share. The business's revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.31 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $28,000. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter worth about $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in PepsiCo during the fourth quarter worth about $30,000. 73.07% of the stock is 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.