PepsiCo (NASDAQ:PEP) Trading Down 0.4% – Here’s Why

PepsiCo, Inc. (NASDAQ:PEP)’s stock price traded down 0.4% on Tuesday . The stock traded as low as $143.57 and last traded at $143.87. 1,201,011 shares traded hands during trading, a decline of 82% from the average session volume of 6,553,951 shares. The stock had previously closed at $144.50.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PEP shares. Bank of America dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $180.64.

PepsiCo Price Performance

The stock has a market capitalization of $197.46 billion, a P/E ratio of 21.23, a PEG ratio of 2.94 and a beta of 0.54. 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 company has a fifty day simple moving average of $156.92 and a two-hundred day simple moving average of $166.35.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.77%. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors have recently made changes to their positions in the stock. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at $34,000. Finally, Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. 73.07% of the stock is 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.