PepsiCo (NASDAQ:PEP) Trading Up 0.4% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price rose 0.4% during mid-day trading on Monday . The stock traded as high as $145.93 and last traded at $145.05. Approximately 1,155,173 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 6,069,661 shares. The stock had previously closed at $144.43.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PEP shares. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. 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 report on Tuesday, February 4th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $168.12.

PepsiCo Stock Up 2.0 %

The company's 50-day moving average price is $148.22 and its 200 day moving average price is $155.14. The stock has a market capitalization of $195.88 billion, a P/E 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 quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is 77.99%.

Institutional Trading of PepsiCo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSB Wealth Management LLC lifted its position in PepsiCo by 0.7% during the first quarter. GSB Wealth Management LLC now owns 17,712 shares of the company's stock valued at $2,656,000 after acquiring an additional 117 shares during the last quarter. Boomfish Wealth Group LLC lifted its holdings in shares of PepsiCo by 2.0% during the 1st quarter. Boomfish Wealth Group LLC now owns 9,840 shares of the company's stock valued at $1,475,000 after purchasing an additional 191 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of PepsiCo in the 1st quarter worth $4,498,000. Rakuten Securities Inc. increased its position in PepsiCo by 199.8% during the 1st quarter. Rakuten Securities Inc. now owns 1,280 shares of the company's stock valued at $192,000 after buying an additional 853 shares in the last quarter. Finally, Demars Financial Group LLC raised its stake in PepsiCo by 4.1% in the first quarter. Demars Financial Group LLC now owns 975,230 shares of the company's stock valued at $146,226,000 after buying an additional 38,368 shares during the last quarter. Institutional investors 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.