PepsiCo, Inc. (NASDAQ:PEP) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,020,000 shares, a decline of 17.1% from the March 31st total of 12,090,000 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 5,840,000 shares, the days-to-cover ratio is presently 1.7 days.
PEP has been the subject of several recent analyst reports. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, April 1st. UBS Group raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $165.00 in a report on Tuesday, April 27th. Wolfe Research initiated coverage on PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating on the stock. Sanford C. Bernstein began coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. Finally, Morgan Stanley increased their price objective on shares of PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $149.23.
Shares of PEP stock traded down $1.83 on Tuesday, reaching $143.96. 6,598,774 shares of the company’s stock were exchanged, compared to its average volume of 5,657,092. The company’s fifty day simple moving average is $141.78 and its 200 day simple moving average is $140.50. The stock has a market capitalization of $198.90 billion, a PE ratio of 28.51, a P/E/G ratio of 3.63 and a beta of 0.57. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. PepsiCo has a 52 week low of $126.53 and a 52 week high of $148.77.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The company had revenue of $14.82 billion for the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. As a group, sell-side analysts predict that PepsiCo will post 5.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Friday, June 4th will be given a dividend of $1.075 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.02. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.99%. PepsiCo’s dividend payout ratio is presently 73.96%.
Large investors have recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. bought a new position in PepsiCo in the fourth quarter worth approximately $27,000. Emerson Wealth Management LLC purchased a new position in PepsiCo in the first quarter valued at about $28,000. PrairieView Partners LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $30,000. Inspire Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $31,000. Finally, Interactive Financial Advisors purchased a new stake in PepsiCo during the fourth quarter valued at approximately $33,000. 69.94% of the stock is owned by institutional investors.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company 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.
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