PepsiCo (NASDAQ:PEP) Trading Down 2.4%

PepsiCo, Inc. (NASDAQ:PEP) dropped 2.4% on Tuesday . The stock traded as low as $170.14 and last traded at $172.20. Approximately 3,411,047 shares changed hands during trading, a decline of 40% from the average daily volume of 5,720,075 shares. The stock had previously closed at $176.46.

Analyst Ratings Changes

A number of equities analysts have recently commented on PEP shares. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays raised their price objective on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Price Performance

The business has a 50 day simple moving average of $168.80 and a 200-day simple moving average of $167.55. The firm has a market cap of $237.75 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $405,000. Manchester Capital Management LLC boosted its stake in PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after acquiring an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. 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.