PepsiCo (NASDAQ:PEP) Stock Price Down 0.7% – Should You Sell?

PepsiCo, Inc. (NASDAQ:PEPGet Free Report) shares fell 0.7% on Wednesday . The stock traded as low as $162.40 and last traded at $163.22. 1,061,551 shares were traded during mid-day trading, a decline of 80% from the average session volume of 5,435,698 shares. The stock had previously closed at $164.34.

Analyst Ratings Changes

PEP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

Check Out Our Latest Stock Report on PEP

PepsiCo Trading Up 0.2 %

The stock’s 50-day moving average price is $171.48 and its 200 day moving average price is $171.72. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market capitalization of $226.58 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Several hedge funds have recently modified their holdings of the business. Trillium Asset Management LLC lifted its holdings in shares of PepsiCo by 5.5% during the 1st quarter. Trillium Asset Management LLC now owns 3,370 shares of the company’s stock valued at $590,000 after purchasing an additional 177 shares during the last quarter. M&G Plc purchased a new stake in shares of PepsiCo during the first quarter worth about $72,020,000. Mizuho Markets Americas LLC raised its position in shares of PepsiCo by 114.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 60,479 shares of the company’s stock valued at $10,584,000 after purchasing an additional 32,236 shares during the last quarter. Councilmark Asset Management LLC acquired a new stake in PepsiCo in the 1st quarter worth approximately $754,000. Finally, Nicolet Advisory Services LLC grew its position in PepsiCo by 1.1% during the 1st quarter. Nicolet Advisory Services LLC now owns 40,851 shares of the company’s stock worth $6,970,000 after purchasing an additional 428 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

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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