PepsiCo (NASDAQ:PEP) Shares Down 0.2%

Shares of PepsiCo, Inc. (NASDAQ:PEP) dropped 0.2% on Tuesday . The company traded as low as $174.84 and last traded at $175.71. Approximately 644,773 shares traded hands during trading, a decline of 89% from the average daily volume of 5,759,966 shares. The stock had previously closed at $176.14.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Down 0.1 %

The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a fifty day moving average of $169.60 and a two-hundred day moving average of $168.05. The stock has a market capitalization of $241.84 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 76.09%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strategy Asset Managers LLC raised its position in PepsiCo by 0.9% in the first quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock worth $1,161,000 after acquiring an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in shares of PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Darwin Wealth Management LLC increased its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its position in shares of PepsiCo by 2.7% in the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors 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.