PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) traded up 0.4% on Friday . The company traded as high as $146.17 and last traded at $145.21. 1,020,708 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 6,731,028 shares. The stock had previously closed at $144.58.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $171.47.
Check Out Our Latest Analysis on PEP
PepsiCo Price Performance
The stock's fifty day moving average price is $149.16 and its 200-day moving average price is $162.60. 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 has a market cap of $198.71 billion, a PE ratio of 20.85, a P/E/G ratio of 2.95 and a beta of 0.54.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.
Institutional Investors Weigh In On PepsiCo
A number of large investors have recently added to or reduced their stakes in PEP. Empowered Funds LLC increased its stake in shares of PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Assenagon Asset Management S.A. increased its position in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after buying an additional 870,451 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after acquiring an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after acquiring an additional 5,220 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
About PepsiCo
(
Get Free Report)
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.
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