PepsiCo (NASDAQ:PEP) Stock Price Down 1.5% - Here's What Happened

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price was down 1.5% on Monday . The company traded as low as $150.45 and last traded at $150.49. Approximately 913,651 shares traded hands during trading, a decline of 84% from the average daily volume of 5,581,431 shares. The stock had previously closed at $152.79.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a "hold" rating to a "buy" rating and raised their price objective for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Finally, TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $184.31.

PepsiCo Trading Down 1.0 %

The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a 50 day moving average of $164.00 and a 200 day moving average of $168.30. The firm has a market cap of $207.57 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo's payout ratio is 79.94%.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Solutions Wealth Management LLC raised its stake in shares of PepsiCo by 27.2% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 3,361 shares of the company's stock worth $572,000 after purchasing an additional 719 shares in the last quarter. Brass Tax Wealth Management Inc. boosted its stake in shares of PepsiCo by 8.7% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,660 shares of the company's stock worth $452,000 after acquiring an additional 212 shares during the period. Retirement Systems of Alabama increased its holdings in shares of PepsiCo by 22.1% during the 3rd quarter. Retirement Systems of Alabama now owns 657,482 shares of the company's stock worth $111,805,000 after acquiring an additional 118,983 shares during the last quarter. Inspire Trust Co. N.A. lifted its holdings in PepsiCo by 12.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 12,300 shares of the company's stock valued at $2,092,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in PepsiCo by 21.1% during the third 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 period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.