PepsiCo (NASDAQ:PEP) Trading Down 0.2%

PepsiCo, Inc. (NASDAQ:PEP)’s stock price dropped 0.2% during trading on Tuesday . The stock traded as low as $170.22 and last traded at $171.16. Approximately 582,972 shares were traded during trading, a decline of 89% from the average daily volume of 5,495,212 shares. The stock had previously closed at $171.42.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. TD Cowen reduced their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Stock Performance

The stock’s 50-day moving average price is $168.09 and its 200 day moving average price is $170.42. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a market cap of $236.97 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. PepsiCo’s payout ratio is 78.66%.

Hedge Funds Weigh In On PepsiCo

A number of institutional investors have recently added to or reduced their stakes in PEP. Tennessee Valley Asset Management Partners increased its holdings in shares of PepsiCo by 7.9% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 2,307 shares of the company’s stock valued at $392,000 after purchasing an additional 169 shares during the last quarter. Cullen Investment Group LTD. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $7,305,000. Ballast Advisors LLC boosted its position in shares of PepsiCo by 15.2% in the fourth quarter. Ballast Advisors LLC now owns 6,681 shares of the company’s stock valued at $1,135,000 after acquiring an additional 883 shares during the period. Hoxton Planning & Management LLC boosted its position in shares of PepsiCo by 7.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 1,471 shares of the company’s stock valued at $250,000 after acquiring an additional 100 shares during the period. Finally, B&D White Capital Company LLC boosted its position in shares of PepsiCo by 559.9% in the fourth quarter. B&D White Capital Company LLC now owns 62,035 shares of the company’s stock valued at $10,536,000 after acquiring an additional 52,635 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.