PepsiCo (NASDAQ:PEP) Trading 0.5% Higher

PepsiCo, Inc. (NASDAQ:PEPGet Free Report)’s stock price shot up 0.5% during trading on Friday . The company traded as high as $163.63 and last traded at $163.46. 778,273 shares traded hands during trading, a decline of 86% from the average session volume of 5,445,051 shares. The stock had previously closed at $162.60.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PEP shares. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays lowered their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.64.

Get Our Latest Stock Report on PepsiCo

PepsiCo Stock Up 1.1 %

The company’s 50-day simple moving average is $172.15 and its two-hundred day simple moving average is $170.12. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm has a market capitalization of $226.00 billion, a P/E ratio of 24.72, a P/E/G ratio of 2.67 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.30%. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insider Transactions at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC lifted its position in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares in the last quarter. Cerity Partners LLC increased its stake in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $405,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares during the last quarter. 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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