PepsiCo (NASDAQ:PEP) Hits New 1-Year Low – What’s Next?

Shares of PepsiCo, Inc. (NASDAQ:PEP) reached a new 52-week low on Tuesday . The stock traded as low as $155.85 and last traded at $155.85, with a volume of 7848 shares. The stock had previously closed at $156.02.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday, September 20th. Finally, TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $184.31.

PepsiCo Price Performance

The business’s 50 day simple moving average is $164.87 and its 200-day simple moving average is $168.62. The stock has a market capitalization of $211.88 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.94 and a beta of 0.52. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Hedge Funds Weigh In On PepsiCo

Several large investors have recently modified their holdings of the business. Goldstein Advisors LLC boosted its holdings in shares of PepsiCo by 9.5% during the 2nd quarter. Goldstein Advisors LLC now owns 2,570 shares of the company’s stock worth $424,000 after buying an additional 224 shares in the last quarter. JB Capital LLC increased its stake in PepsiCo by 4.9% in the second quarter. JB Capital LLC now owns 57,731 shares of the company’s stock valued at $9,522,000 after purchasing an additional 2,672 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of PepsiCo by 71.6% during the second quarter. Cornerstone Wealth Group LLC now owns 69,394 shares of the company’s stock valued at $11,445,000 after purchasing an additional 28,959 shares during the period. L. Roy Papp & Associates LLP grew its stake in shares of PepsiCo by 1.6% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 45,772 shares of the company’s stock valued at $7,549,000 after buying an additional 703 shares during the period. Finally, Powers Advisory Group LLC raised its stake in PepsiCo by 1.0% during the 2nd quarter. Powers Advisory Group LLC now owns 7,214 shares of the company’s stock worth $1,190,000 after buying an additional 73 shares during the period. 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.