PepsiCo (NASDAQ:PEP) Stock Price Up 0.2% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s stock price was up 0.2% during mid-day trading on Thursday . The company traded as high as $145.23 and last traded at $145.01. Approximately 868,300 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 6,659,399 shares. The stock had previously closed at $144.78.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their target price for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America lowered their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.64.

PepsiCo Trading Up 1.0 %

The company has a market cap of $200.58 billion, a P/E ratio of 21.56, a PEG ratio of 2.57 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 business has a 50 day moving average price of $156.46 and a 200-day moving average price of $166.20.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PEP. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC bought a new position in PepsiCo during the second quarter worth $34,000. Finally, Rakuten Securities Inc. raised its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 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.