PepsiCo (NASDAQ:PEP) Stock Price Down 0.9% – Should You Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) fell 0.9% on Tuesday . The company traded as low as $152.40 and last traded at $153.27. 1,129,270 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 6,567,918 shares. The stock had previously closed at $154.61.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Stock Performance

The stock has a market cap of $208.41 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The stock has a fifty day moving average of $153.51 and a 200-day moving average of $165.07. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Hedge Funds Weigh In On PepsiCo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Opes Wealth Management LLC raised its stake in shares of PepsiCo by 3.5% during the 4th quarter. Opes Wealth Management LLC now owns 2,825 shares of the company’s stock worth $430,000 after buying an additional 96 shares in the last quarter. Stanich Group LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $379,000. MOKAN Wealth Management Inc. purchased a new stake in PepsiCo during the fourth quarter worth about $1,676,000. Blue Zone Wealth Advisors LLC increased its holdings in PepsiCo by 17.1% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 5,309 shares of the company’s stock valued at $807,000 after buying an additional 774 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $61,000. 73.07% of the stock is currently owned by hedge funds and other 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.