PepsiCo (NASDAQ:PEP) Shares Down 0.1% – Should You Sell?

PepsiCo, Inc. (NASDAQ:PEP)’s stock price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $144.46 and last traded at $144.78. Approximately 1,238,576 shares changed hands during trading, a decline of 81% from the average daily volume of 6,636,581 shares. The stock had previously closed at $144.95.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their target price for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $178.60.

PepsiCo Price Performance

The stock has a market cap of $203.40 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The firm has a 50-day moving average price of $156.06 and a 200-day moving average price of $166.05. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

Institutional Investors Weigh In On PepsiCo

Hedge funds have recently bought and sold shares of the business. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo during the 2nd quarter valued at about $34,000. 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.