Barclays Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP) had its target price decreased by Barclays from $158.00 to $153.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also recently weighed in on PEP. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Finally, Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 0.2 %

Shares of PEP opened at $145.35 on Thursday. The stock has a 50 day simple moving average of $152.15 and a 200-day simple moving average of $164.39. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $199.42 billion, a PE ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the business earned $1.78 earnings per share. The business’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. 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.