PepsiCo (NASDAQ:PEP) Shares Down 0.1% – Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) dropped 0.1% during trading on Tuesday . The stock traded as low as $143.40 and last traded at $144.22. Approximately 1,315,451 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 6,740,858 shares. The stock had previously closed at $144.35.

Analysts Set New Price Targets

Several brokerages have issued reports on PEP. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $198.71 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The stock’s 50-day moving average price is $151.05 and its 200-day moving average price is $163.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the company earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm 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. This represents a $5.42 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently made changes to their positions in PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo in the third quarter valued at about $28,000. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth $30,000. 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.