PepsiCo (NASDAQ:PEP) Shares Down 0.2%

PepsiCo, Inc. (NASDAQ:PEP)’s share price fell 0.2% during trading on Tuesday . The stock traded as low as $174.84 and last traded at $175.71. 644,773 shares changed hands during trading, a decline of 89% from the average session volume of 5,759,966 shares. The stock had previously closed at $176.14.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Trading Up 0.2 %

The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $241.21 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.87 and a beta of 0.52. The stock has a 50 day simple moving average of $169.87 and a 200-day simple moving average of $168.21.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.09%. PepsiCo’s payout ratio is 76.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Financial Counselors Inc. boosted its position in shares of PepsiCo by 1.7% during the first quarter. Financial Counselors Inc. now owns 347,259 shares of the company’s stock valued at $60,774,000 after buying an additional 5,749 shares during the period. Summit Financial Wealth Advisors LLC boosted its holdings in PepsiCo by 5.6% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 4,533 shares of the company’s stock valued at $793,000 after acquiring an additional 240 shares during the period. AAFMAA Wealth Management & Trust LLC grew its position in PepsiCo by 14.2% in the 1st quarter. AAFMAA Wealth Management & Trust LLC now owns 9,508 shares of the company’s stock valued at $1,664,000 after acquiring an additional 1,180 shares during the last quarter. Adapt Wealth Advisors LLC purchased a new stake in PepsiCo in the first quarter worth $544,000. Finally, Baron Silver Stevens Financial Advisors LLC grew its holdings in shares of PepsiCo by 10.5% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,683 shares of the company’s stock worth $645,000 after purchasing an additional 349 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.