PepsiCo (NASDAQ:PEP) Trading Down 1.2% - Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price was down 1.2% during mid-day trading on Monday . The stock traded as low as $147.26 and last traded at $147.84. Approximately 2,263,679 shares were traded during trading, a decline of 44% from the average daily volume of 4,020,468 shares. The stock had previously closed at $149.65.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Morgan Stanley lowered PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Finally, StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $184.31.

PepsiCo Stock Down 2.3 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50 day moving average of $159.51 and a 200 day moving average of $167.26. The firm has a market capitalization of $200.68 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analysts' expectations of $23.86 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The business's revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.71%. PepsiCo's dividend payout ratio is 79.94%.

Institutional Trading of PepsiCo

Large investors have recently made changes to their positions in the business. SRS Capital Advisors Inc. raised its position in PepsiCo by 57.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 4,520 shares of the company's stock worth $746,000 after purchasing an additional 1,654 shares during the last quarter. Norden Group LLC increased its position in PepsiCo by 2.3% in the second quarter. Norden Group LLC now owns 7,920 shares of the company's stock worth $1,306,000 after purchasing an additional 180 shares during the period. Umpqua Bank raised its holdings in PepsiCo by 4.2% during the 2nd quarter. Umpqua Bank now owns 12,337 shares of the company's stock worth $2,035,000 after purchasing an additional 499 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in PepsiCo by 8,835.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 116,608 shares of the company's stock valued at $192,000 after purchasing an additional 115,303 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of PepsiCo by 5.1% during the 2nd quarter. Acadian Asset Management LLC now owns 799,532 shares of the company's stock worth $131,845,000 after buying an additional 38,607 shares during the period. 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.