PepsiCo (NASDAQ:PEP) Stock Price Down 1% – Time to Sell?

PepsiCo, Inc. (NASDAQ:PEP)’s share price fell 1% on Monday . The stock traded as low as $141.17 and last traded at $141.46. 925,348 shares were traded during mid-day trading, a decline of 85% from the average session volume of 6,087,972 shares. The stock had previously closed at $142.84.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $167.76.

PepsiCo Stock Down 1.3 %

The firm has a 50-day simple moving average of $148.16 and a two-hundred day simple moving average of $154.74. The stock has a market cap of $193.25 billion, a P/E ratio of 20.28, a PEG ratio of 3.09 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.85%. PepsiCo’s dividend payout ratio is 77.99%.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently made changes to their positions in PEP. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.