PepsiCo (NASDAQ:PEP) Shares Down 1.1% – What’s Next?

Shares of PepsiCo, Inc. (NASDAQ:PEP) fell 1.1% during trading on Wednesday . The stock traded as low as $143.35 and last traded at $144.07. 1,321,818 shares changed hands during trading, a decline of 80% from the average session volume of 6,729,567 shares. The stock had previously closed at $145.64.

Wall Street Analyst Weigh In

Several analysts have weighed in on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The company has a market capitalization of $196.60 billion, a PE ratio of 20.61, a PEG ratio of 2.89 and a beta of 0.54. The company has a 50 day moving average of $150.73 and a two-hundred day moving average of $163.68.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the company posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio is currently 77.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. RWA Wealth Partners LLC raised its holdings in PepsiCo by 11.6% in the 4th quarter. RWA Wealth Partners LLC now owns 239,231 shares of the company’s stock worth $36,377,000 after acquiring an additional 24,923 shares during the last quarter. Summit Securities Group LLC bought a new position in PepsiCo during the 4th quarter valued at about $33,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of PepsiCo by 15.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,516,146 shares of the company’s stock valued at $686,725,000 after purchasing an additional 595,257 shares during the last quarter. American Money Management LLC boosted its holdings in PepsiCo by 2.8% in the fourth quarter. American Money Management LLC now owns 26,873 shares of the company’s stock worth $4,086,000 after purchasing an additional 738 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC grew its position in PepsiCo by 5.0% in the 4th quarter. BlueChip Wealth Advisors LLC now owns 2,735 shares of the company’s stock worth $416,000 after purchasing an additional 129 shares during the period. Institutional investors 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.