PepsiCo (NASDAQ:PEP) Stock Price Up 0.9% - Here's Why

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) were up 0.9% on Monday . The stock traded as high as $135.41 and last traded at $134.64. Approximately 2,183,182 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 6,137,872 shares. The stock had previously closed at $133.38.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday. Finally, Bank of America reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Up 0.2 %

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 firm's 50-day simple moving average is $147.70 and its two-hundred day simple moving average is $153.66. The company has a market capitalization of $183.22 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Tcfg Wealth Management LLC raised its holdings in PepsiCo by 3.5% during 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 period. Lincoln Capital LLC boosted its holdings in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the period. Marshall Financial Group LLC lifted its position in shares of PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after acquiring an additional 70 shares during the period. Osprey Private Wealth LLC boosted its position in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. raised its stake in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

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.

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