PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s stock price traded up 1.1% during trading on Tuesday . The company traded as high as $145.40 and last traded at $144.70. 1,853,485 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,963,777 shares. The stock had previously closed at $143.19.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on PEP shares. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $169.88.
Read Our Latest Report on PEP
PepsiCo Stock Performance
The company has a market cap of $198.06 billion, a PE ratio of 20.78, a P/E/G ratio of 3.09 and a beta of 0.49. The company's fifty day moving average price is $148.37 and its 200 day moving average price is $155.78. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Collier Financial bought a new position in PepsiCo during the fourth quarter valued at $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the fourth quarter valued at about $31,000. 73.07% of the stock is currently 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.
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