PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) rose 0.8% on Thursday . The company traded as high as $151.70 and last traded at $151.64. Approximately 803,020 shares were traded during trading, a decline of 88% from the average daily volume of 6,447,606 shares. The stock had previously closed at $150.37.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on PEP shares. Wells Fargo & Company lowered their price target on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $172.00 price target on shares of PepsiCo in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $176.73.
Read Our Latest Research Report on PepsiCo
PepsiCo Price Performance
The company's 50 day simple moving average is $153.51 and its 200 day simple moving average is $165.07. 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 stock has a market capitalization of $208.41 billion, a PE ratio of 22.40, a PEG ratio of 2.86 and a beta of 0.54.
PepsiCo Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio is currently 79.94%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PEP. International Assets Investment Management LLC lifted its holdings in PepsiCo by 17,113.0% in the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock worth $547,626,000 after acquiring an additional 3,201,676 shares during the last quarter. State Street Corp lifted its position in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. boosted its stake in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Swedbank AB grew its position in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of PepsiCo by 360.0% during the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock valued at $258,158,000 after buying an additional 1,328,672 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
PepsiCo Company Profile
(
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.
Further Reading
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