PepsiCo (NASDAQ:PEP) Trading Down 0.2%

Shares of PepsiCo, Inc. (NASDAQ:PEP) fell 0.2% on Friday . The stock traded as low as $174.34 and last traded at $176.37. 1,261,175 shares changed hands during trading, a decline of 78% from the average session volume of 5,812,822 shares. The stock had previously closed at $176.68.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Trading Down 0.6 %

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 firm has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The business has a 50 day moving average price of $169.40 and a 200-day moving average price of $167.88.

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

PepsiCo Dividend Announcement

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

Institutional Trading of PepsiCo

Several large investors have recently added to or reduced their stakes in PEP. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after acquiring an additional 578,083 shares in the last quarter. Northern Trust Corp boosted its position in PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the last quarter. Norges Bank acquired a new stake in PepsiCo during the fourth quarter valued at $2,686,139,000. California Public Employees Retirement System boosted its position in PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after buying an additional 1,345,065 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Company Profile

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.