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

PepsiCo, Inc. (NASDAQ:PEP) shares were down 1% on Monday . The stock traded as low as $143.30 and last traded at $143.19. Approximately 1,357,212 shares traded hands during trading, a decline of 80% from the average daily volume of 6,669,969 shares. The stock had previously closed at $144.58.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays lowered their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 1.1 %

The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The firm has a market capitalization of $197.48 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The business’s 50-day moving average is $150.73 and its 200 day moving average is $163.68.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.76%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. 73.07% of the stock is currently 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.