PepsiCo (NASDAQ:PEP) Stock Price Down 0.7% – Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) dropped 0.7% during trading on Wednesday . The company traded as low as $162.40 and last traded at $163.22. Approximately 1,061,551 shares changed hands during trading, a decline of 80% from the average daily volume of 5,435,698 shares. The stock had previously closed at $164.34.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a market cap of $225.17 billion, a PE ratio of 24.11, a P/E/G ratio of 3.06 and a beta of 0.53. The business’s fifty day moving average is $171.75 and its 200-day moving average is $171.77.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating 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 the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Several large investors have recently added to or reduced their stakes in PEP. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the third quarter worth $28,000. POM Investment Strategies LLC lifted its holdings in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo in the second quarter worth $30,000. Finally, Mattson Financial Services LLC purchased a new position in shares of PepsiCo in the second quarter worth $34,000. Hedge funds and other institutional investors 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.