PepsiCo (NASDAQ:PEP) Stock Price Down 2.1% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s share price fell 2.1% during trading on Monday . The company traded as low as $140.67 and last traded at $143.51. Approximately 5,374,839 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 5,944,592 shares. The stock had previously closed at $146.61.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Evercore ISI lowered their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Performance

The business has a fifty day moving average of $148.70 and a 200 day moving average of $156.39. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $199.65 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Institutional Investors Weigh In On PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the business. Tcfg Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares in the last quarter. Lincoln Capital LLC grew its position in PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after acquiring an additional 70 shares during the last quarter. Marshall Financial Group LLC lifted its stake in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its holdings in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its holdings in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is owned by 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.