PepsiCo (NASDAQ:PEP) Stock Price Up 0.1% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP) shot up 0.1% during trading on Thursday . The stock traded as high as $175.47 and last traded at $174.66. 499,398 shares were traded during mid-day trading, a decline of 91% from the average session volume of 5,476,627 shares. The stock had previously closed at $174.48.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Up 0.2 %

The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $173.78 and a two-hundred day moving average price of $172.13. The company has a market capitalization of $240.18 billion, a P/E ratio of 25.82, a PEG ratio of 3.28 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Institutional Trading of PepsiCo

A number of institutional investors have recently made changes to their positions in the business. RFG Advisory LLC boosted its position in PepsiCo by 11.7% during the first quarter. RFG Advisory LLC now owns 16,846 shares of the company’s stock valued at $2,948,000 after purchasing an additional 1,758 shares during the last quarter. Meyer Handelman Co. increased its holdings in PepsiCo by 3.9% during the first quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after buying an additional 9,465 shares during the last quarter. Gulf International Bank UK Ltd raised its position in PepsiCo by 4.0% during the first quarter. Gulf International Bank UK Ltd now owns 117,730 shares of the company’s stock worth $20,603,000 after acquiring an additional 4,528 shares in the last quarter. SignalPoint Asset Management LLC grew its position in shares of PepsiCo by 1.1% in the 1st quarter. SignalPoint Asset Management LLC now owns 7,529 shares of the company’s stock valued at $1,318,000 after acquiring an additional 81 shares during the period. Finally, Liberty Capital Management Inc. increased its stake in shares of PepsiCo by 4.0% during the 1st quarter. Liberty Capital Management Inc. now owns 14,177 shares of the company’s stock worth $2,481,000 after purchasing an additional 549 shares during the last quarter. 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.