PepsiCo (NASDAQ:PEP) Trading Down 1.2% – Here’s Why

PepsiCo, Inc. (NASDAQ:PEP)’s stock price traded down 1.2% during trading on Monday . The stock traded as low as $147.26 and last traded at $147.84. 2,263,679 shares traded hands during trading, a decline of 44% from the average session volume of 4,020,468 shares. The stock had previously closed at $149.65.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays lowered their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $180.64.

PepsiCo Stock Performance

The business’s fifty day moving average is $158.60 and its two-hundred day moving average is $166.97. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $201.05 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping 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 company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the company earned $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Trading of PepsiCo

A number of hedge funds have recently bought and sold shares of PEP. Michael S. Ryan Inc. raised its position in PepsiCo by 3.3% in the fourth quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock worth $340,000 after acquiring an additional 71 shares during the period. Legacy Private Trust Co. raised its holdings in PepsiCo by 73.4% in the 4th quarter. Legacy Private Trust Co. now owns 8,415 shares of the company’s stock worth $1,280,000 after purchasing an additional 3,561 shares during the period. Farmers Trust Co. lifted its position in PepsiCo by 0.6% during the fourth quarter. Farmers Trust Co. now owns 51,197 shares of the company’s stock valued at $7,785,000 after purchasing an additional 315 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in PepsiCo by 10.0% during the fourth quarter. Douglas Lane & Associates LLC now owns 220,922 shares of the company’s stock valued at $33,593,000 after purchasing an additional 20,016 shares during the period. Finally, InvesTrust bought a new position in shares of PepsiCo in the fourth quarter worth about $6,268,000. 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.