PepsiCo (NASDAQ:PEP) Trading 1.2% Higher – Should You Buy?

PepsiCo, Inc. (NASDAQ:PEP) traded up 1.2% during mid-day trading on Monday . The stock traded as high as $148.62 and last traded at $148.25. 7,213,692 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 5,895,834 shares. The stock had previously closed at $146.54.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays cut their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $178.60.

PepsiCo Stock Up 1.2 %

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $203.40 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The business has a fifty day moving average of $155.37 and a 200 day moving average of $165.86.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Apeiron RIA LLC grew its stake in PepsiCo by 25.8% in the 4th quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock valued at $802,000 after buying an additional 1,082 shares during the last quarter. Secure Asset Management LLC boosted its stake in PepsiCo by 31.8% during the 4th quarter. Secure Asset Management LLC now owns 3,546 shares of the company’s stock valued at $539,000 after purchasing an additional 855 shares during the period. Red Door Wealth Management LLC grew its holdings in PepsiCo by 7.8% in the 4th quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock valued at $5,388,000 after buying an additional 2,568 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in shares of PepsiCo by 2.9% during the fourth quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock worth $4,299,000 after buying an additional 799 shares during the last quarter. Finally, Peterson Wealth Advisors LLC raised its stake in PepsiCo by 16.4% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,395 shares of the company’s stock valued at $209,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.