PepsiCo (NASDAQ:PEP) Shares Up 0% – Still a Buy?

PepsiCo, Inc. (NASDAQ:PEP)’s share price traded up 0% on Thursday . The company traded as high as $167.18 and last traded at $166.29. 738,739 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,441,210 shares. The stock had previously closed at $166.21.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada cut their target price 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, Jefferies Financial Group lowered their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Down 0.3 %

The company has a market capitalization of $227.19 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. The firm has a fifty day moving average price of $173.03 and a 200-day moving average price of $172.19. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

Institutional Investors Weigh In On PepsiCo

Several hedge funds have recently added to or reduced their stakes in the business. StoneX Group Inc. increased its stake in shares of PepsiCo by 10.5% during the 1st quarter. StoneX Group Inc. now owns 22,745 shares of the company’s stock worth $4,007,000 after purchasing an additional 2,159 shares during the last quarter. Capital Investment Counsel Inc boosted its holdings in PepsiCo by 1.7% during the 1st quarter. Capital Investment Counsel Inc now owns 4,184 shares of the company’s stock valued at $732,000 after acquiring an additional 68 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in shares of PepsiCo by 270.9% in the first quarter. Regent Peak Wealth Advisors LLC now owns 15,426 shares of the company’s stock worth $2,700,000 after buying an additional 11,267 shares during the period. PDS Planning Inc grew its stake in shares of PepsiCo by 2.6% in the first quarter. PDS Planning Inc now owns 8,753 shares of the company’s stock worth $1,532,000 after purchasing an additional 224 shares during the last quarter. Finally, Palisade Asset Management LLC lifted its stake in PepsiCo by 3.9% in the first quarter. Palisade Asset Management LLC now owns 97,533 shares of the company’s stock worth $17,069,000 after acquiring an additional 3,705 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.