PepsiCo (NASDAQ:PEP) Sets New 52-Week Low – Here’s What Happened

PepsiCo, Inc. (NASDAQ:PEP) hit a new 52-week low during trading on Saturday . The stock traded as low as $127.75 and last traded at $129.34, with a volume of 8116528 shares trading hands. The stock had previously closed at $130.12.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

The company has a market cap of $177.34 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm’s fifty day moving average is $139.53 and its 200 day moving average is $148.20. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the company earned $1.61 EPS. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. PepsiCo’s dividend payout ratio is presently 83.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PEP. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.