PepsiCo (NASDAQ:PEP) Stock Price Down 0.3%

Shares of PepsiCo, Inc. (NASDAQ:PEP) were down 0.3% during trading on Wednesday . The stock traded as low as $174.65 and last traded at $174.86. Approximately 323,691 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 5,416,959 shares. The stock had previously closed at $175.30.

Analysts Set New Price Targets

Several analysts have recently commented on PEP shares. Morgan Stanley lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, July 12th. TD Cowen reduced their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Finally, Barclays increased their price target on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Stock Performance

The stock has a market capitalization of $237.67 billion, a PE ratio of 25.09, a P/E/G ratio of 2.98 and a beta of 0.52. 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 business’s fifty day moving average price is $169.92 and its 200-day moving average price is $170.80.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

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

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of PEP. Valued Wealth Advisors LLC raised its stake in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. POM Investment Strategies LLC raised its stake in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo during the second quarter worth approximately $30,000. Fortis Group Advisors LLC raised its stake in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo during the first quarter worth approximately $35,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

About PepsiCo

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.