PepsiCo (NASDAQ:PEP) Shares Down 1.3%

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded down 1.3% during trading on Monday . The stock traded as low as $175.50 and last traded at $175.75. 1,984,668 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 5,509,351 shares. The stock had previously closed at $178.04.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen lowered their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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’s stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $185.53.

PepsiCo Stock Performance

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 stock has a market cap of $236.17 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.52. The company has a 50 day simple moving average of $168.05 and a 200-day simple moving average of $170.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same period last year, the business earned $2.09 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.16%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Blueprint LLC grew its holdings in PepsiCo by 3.2% during the 4th quarter. Strategic Blueprint LLC now owns 13,477 shares of the company’s stock valued at $2,289,000 after buying an additional 417 shares in the last quarter. Fortune Financial Advisors LLC lifted its stake in PepsiCo by 6.7% in the fourth quarter. Fortune Financial Advisors LLC now owns 4,624 shares of the company’s stock worth $785,000 after purchasing an additional 290 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in PepsiCo by 28.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 220,490 shares of the company’s stock worth $37,448,000 after purchasing an additional 49,166 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in PepsiCo during the 4th quarter valued at about $363,000. Finally, Hudson Canyon Capital Management boosted its holdings in shares of PepsiCo by 7.9% in the fourth quarter. Hudson Canyon Capital Management now owns 10,350 shares of the company’s stock valued at $1,758,000 after purchasing an additional 756 shares during the period. 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.