PepsiCo (NASDAQ:PEP) Shares Down 1.5% – Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded down 1.5% during mid-day trading on Monday . The company traded as low as $150.45 and last traded at $150.49. 913,651 shares were traded during mid-day trading, a decline of 84% from the average session volume of 5,581,431 shares. The stock had previously closed at $152.79.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. Bank of America cut their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $184.31.

PepsiCo Price 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 capitalization of $206.32 billion, a P/E ratio of 22.18, a PEG ratio of 2.94 and a beta of 0.52. The company’s fifty day moving average price is $164.00 and its 200 day moving average price is $168.34.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the previous year, the firm earned $2.25 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Institutional Trading of PepsiCo

Several institutional investors have recently modified their holdings of the business. Global Wealth Strategies & Associates increased its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter valued at approximately $28,000. Summit Securities Group LLC bought a new position in PepsiCo during the 2nd quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $31,000. Finally, Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 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.