PepsiCo (NASDAQ:PEP) Trading Down 0.5% – Here’s Why

PepsiCo, Inc. (NASDAQ:PEP)’s stock price fell 0.5% on Monday . The stock traded as low as $170.62 and last traded at $170.87. 951,728 shares changed hands during trading, a decline of 83% from the average session volume of 5,447,453 shares. The stock had previously closed at $171.79.

Wall Street Analyst Weigh In

A number of analysts recently commented on PEP shares. Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Bank of America reduced their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $233.40 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The stock’s fifty day moving average price is $173.86 and its 200-day moving average price is $172.28.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Large investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its position in 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 in the last quarter. Global Wealth Strategies & Associates boosted its holdings in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth $28,000. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 2nd quarter worth about $30,000. 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.