PepsiCo (NASDAQ:PEP) Shares Down 0.4%

PepsiCo, Inc. (NASDAQ:PEP)’s share price traded down 0.4% during trading on Monday . The stock traded as low as $167.94 and last traded at $168.63. 644,163 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,501,965 shares. The stock had previously closed at $169.36.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Royal Bank of Canada cut their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Morgan Stanley dropped their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $185.53.

PepsiCo Price Performance

The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.68 and a current ratio of 0.83. The firm has a market capitalization of $230.29 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.93 and a beta of 0.52. The company has a 50-day moving average price of $169.91 and a 200-day moving average price of $169.87.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Centennial Wealth Advisory LLC increased its position in PepsiCo by 12.8% during the second quarter. Centennial Wealth Advisory LLC now owns 2,536 shares of the company’s stock worth $418,000 after buying an additional 288 shares during the last quarter. Oak Harvest Investment Services increased its position in PepsiCo by 11.4% during the second quarter. Oak Harvest Investment Services now owns 45,826 shares of the company’s stock worth $7,558,000 after buying an additional 4,690 shares during the last quarter. Randolph Co Inc increased its position in PepsiCo by 0.4% during the second quarter. Randolph Co Inc now owns 140,026 shares of the company’s stock worth $23,094,000 after buying an additional 617 shares during the last quarter. Graybill Wealth Management LTD. increased its position in PepsiCo by 0.5% during the second quarter. Graybill Wealth Management LTD. now owns 16,615 shares of the company’s stock worth $2,740,000 after buying an additional 76 shares during the last quarter. Finally, Investment House LLC increased its position in PepsiCo by 2.4% during the second quarter. Investment House LLC now owns 40,465 shares of the company’s stock worth $6,674,000 after buying an additional 945 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

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.