PepsiCo (NASDAQ:PEP) Stock Price Down 1.8% After Earnings Miss

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) shares were down 1.8% on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $131.80 and last traded at $132.88. Approximately 3,325,126 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 6,120,013 shares. The stock had previously closed at $135.31.

The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of research firms recently weighed in on PEP. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday. Finally, Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $162.00.

Institutional Trading of PepsiCo

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

PepsiCo Trading Down 1.4 %

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 firm has a market capitalization of $182.91 billion, a PE ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The business's fifty day moving average price is $147.70 and its 200 day moving average price is $153.79.

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.