PepsiCo (NASDAQ:PEP) Hits New 52-Week Low – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $149.56 and last traded at $149.65, with a volume of 5213163 shares changing hands. The stock had previously closed at $150.21.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $184.31.

PepsiCo Stock Performance

The business has a 50-day moving average price of $159.51 and a 200-day moving average price of $167.25. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $205.32 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period last year, the business posted $2.25 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. PepsiCo’s payout ratio is 79.94%.

Institutional Trading of PepsiCo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Denver PWM LLC acquired a new position in PepsiCo in the 2nd quarter worth approximately $44,000. New York Life Investment Management LLC boosted its holdings in shares of PepsiCo by 1.0% in the 2nd quarter. New York Life Investment Management LLC now owns 210,182 shares of the company’s stock valued at $34,665,000 after acquiring an additional 2,120 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of PepsiCo by 2.3% in the second quarter. Private Advisor Group LLC now owns 187,472 shares of the company’s stock worth $30,920,000 after acquiring an additional 4,137 shares during the period. North Star Asset Management Inc. lifted its position in PepsiCo by 6.6% during the second quarter. North Star Asset Management Inc. now owns 57,503 shares of the company’s stock valued at $9,484,000 after purchasing an additional 3,550 shares during the period. Finally, Candriam S.C.A. boosted its holdings in PepsiCo by 5.0% in the second quarter. Candriam S.C.A. now owns 411,944 shares of the company’s stock valued at $67,939,000 after purchasing an additional 19,772 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.