PepsiCo (NASDAQ:PEP) Stock Price Down 0.5% - What's Next?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) was down 0.5% during mid-day trading on Wednesday . The stock traded as low as $142.01 and last traded at $142.69. Approximately 1,837,594 shares were traded during trading, a decline of 70% from the average daily volume of 6,097,626 shares. The stock had previously closed at $143.46.

Wall Street Analyst Weigh In

A number of analysts have commented on PEP shares. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective on the stock. Citigroup reduced their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. Finally, CICC Research restated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $163.31.

PepsiCo Trading Down 2.0 %

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 has a market capitalization of $181.80 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.09 and a beta of 0.49. The business's 50-day moving average price is $147.91 and its two-hundred day moving average price is $154.18.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.04). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. Research analysts predict 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. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

Institutional Trading of PepsiCo

Large investors have recently made changes to their positions in the company. Tcfg Wealth Management LLC grew its stake in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC boosted its holdings in PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC increased its holdings in shares of PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after acquiring an additional 70 shares in the last quarter. Osprey Private Wealth LLC raised its position in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. boosted its stake in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds 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.