PepsiCo (NASDAQ:PEP) Trading Up 3.2% - Here's Why

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price shot up 3.2% on Monday . The company traded as high as $159.69 and last traded at $159.33. 2,300,312 shares were traded during trading, a decline of 58% from the average session volume of 5,437,056 shares. The stock had previously closed at $154.44.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target on the stock. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $170.59.

Remove Ads

PepsiCo Stock Down 2.5 %

The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm's 50-day moving average is $148.90 and its 200 day moving average is $160.46. The firm has a market capitalization of $208.92 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.56%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Institutional Trading of PepsiCo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Campbell Deegan Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $425,000. Anchor Pointe Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $226,000. Capstone Triton Financial Group LLC boosted its position in PepsiCo by 6.4% during the fourth quarter. Capstone Triton Financial Group LLC now owns 6,008 shares of the company's stock worth $914,000 after acquiring an additional 360 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new position in PepsiCo in the 4th quarter valued at $255,000. Finally, TFR Capital LLC. purchased a new position in shares of PepsiCo during the 4th quarter worth $207,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.