PepsiCo (NASDAQ:PEP) Trading Down 0.3% - Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price dropped 0.3% during trading on Thursday . The company traded as low as $145.35 and last traded at $145.09. Approximately 1,845,303 shares traded hands during trading, a decline of 69% from the average daily volume of 6,027,543 shares. The stock had previously closed at $145.59.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Barclays downgraded shares of 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. Finally, UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Price Performance

The business's 50-day simple moving average is $148.37 and its two-hundred day simple moving average is $155.68. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $201.24 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.69%. PepsiCo's payout ratio is currently 77.99%.

Institutional Trading of PepsiCo

A number of large investors have recently modified their holdings of PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $31,000. 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.