PepsiCo (NASDAQ:PEP) Stock Price Up 0.3% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP) shares rose 0.3% during trading on Tuesday . The company traded as high as $177.39 and last traded at $176.58. Approximately 822,636 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 5,482,022 shares. The stock had previously closed at $176.10.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Jefferies Financial Group reduced their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Stock Down 0.3 %

The company’s 50 day moving average price is $173.56 and its two-hundred day moving average price is $172.08. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. The stock has a market cap of $241.33 billion, a P/E ratio of 25.63, a PEG ratio of 3.11 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio is 78.66%.

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Swedbank AB grew its holdings in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after buying an additional 1,592,343 shares in the last quarter. Nova R Wealth Inc. purchased a new stake in PepsiCo during the 3rd quarter valued at approximately $201,000. Mustard Seed Financial LLC grew its holdings in PepsiCo by 7.3% during the 3rd quarter. Mustard Seed Financial LLC now owns 4,646 shares of the company’s stock valued at $790,000 after buying an additional 318 shares in the last quarter. Boomfish Wealth Group LLC grew its holdings in PepsiCo by 6.0% during the 3rd quarter. Boomfish Wealth Group LLC now owns 8,450 shares of the company’s stock valued at $1,437,000 after buying an additional 476 shares in the last quarter. Finally, Occidental Asset Management LLC grew its holdings in PepsiCo by 12.6% during the 3rd quarter. Occidental Asset Management LLC now owns 21,975 shares of the company’s stock valued at $3,737,000 after buying an additional 2,464 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.