PepsiCo (NASDAQ:PEP) Trading Down 0.2% – Here’s What Happened

PepsiCo, Inc. (NASDAQ:PEP)’s share price fell 0.2% during trading on Friday . The stock traded as low as $147.08 and last traded at $148.11. 999,738 shares changed hands during trading, a decline of 82% from the average session volume of 5,466,350 shares. The stock had previously closed at $148.34.

Analysts Set New Price Targets

Several research firms have commented on PEP. Barclays lifted their target price on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $170.59.

PepsiCo Price Performance

The business’s 50-day moving average price is $148.76 and its 200 day moving average price is $159.99. The stock has a market capitalization of $203.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Institutional Trading of PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the fourth quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

About PepsiCo

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.