PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares dropped 1.2% during mid-day trading on Friday . The company traded as low as $142.25 and last traded at $142.43. Approximately 1,663,025 shares were traded during trading, a decline of 73% from the average daily volume of 6,052,073 shares. The stock had previously closed at $144.14.
Analyst Ratings Changes
PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Evercore ISI dropped their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $168.12.
Check Out Our Latest Research Report on PEP
PepsiCo Trading Down 2.7 %
The stock has a market capitalization of $195.88 billion, a PE ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. 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's 50 day moving average price is $148.39 and its two-hundred day moving average price is $155.52.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.
Institutional Trading of PepsiCo
Hedge funds and other institutional investors have recently made changes to their positions in the company. Simon Quick Advisors LLC grew its position in PepsiCo by 41.8% in the first quarter. Simon Quick Advisors LLC now owns 8,512 shares of the company's stock worth $1,276,000 after acquiring an additional 2,508 shares during the period. Coerente Capital Management raised its holdings in PepsiCo by 0.5% in the 1st quarter. Coerente Capital Management now owns 133,266 shares of the company's stock valued at $19,982,000 after buying an additional 620 shares during the period. Baker Ellis Asset Management LLC lifted its position in PepsiCo by 0.9% in the first quarter. Baker Ellis Asset Management LLC now owns 35,325 shares of the company's stock valued at $5,297,000 after buying an additional 309 shares during the last quarter. Magnolia Private Wealth LLC increased its position in shares of PepsiCo by 19.8% during the first quarter. Magnolia Private Wealth LLC now owns 2,155 shares of the company's stock valued at $323,000 after acquiring an additional 356 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of PepsiCo by 109.5% in the 1st quarter. Thompson Investment Management Inc. now owns 69,942 shares of the company's stock worth $10,487,000 after acquiring an additional 36,549 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
About PepsiCo
(
Get Free Report)
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.
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