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

PepsiCo, Inc. (NASDAQ:PEP) shares dropped 0.1% on Thursday . The company traded as low as $172.18 and last traded at $172.71. Approximately 627,450 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 5,457,187 shares. The stock had previously closed at $172.95.

Analysts Set New Price Targets

Several equities analysts recently commented on PEP shares. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Finally, Royal Bank of Canada cut their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Down 0.5 %

The stock’s 50-day simple moving average is $173.88 and its 200-day simple moving average is $172.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a market capitalization of $236.11 billion, a PE ratio of 25.47, a P/E/G ratio of 3.26 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued 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 net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the business posted $2.25 earnings per share. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Institutional Trading of PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the period. POM Investment Strategies LLC grew its position in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC purchased a new stake in PepsiCo during the second quarter valued at $30,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of PepsiCo during the 2nd quarter valued at about $34,000. 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.