PepsiCo (NASDAQ:PEP) Stock Price Up 1.6% – What’s Next?

Shares of PepsiCo, Inc. (NASDAQ:PEP) shot up 1.6% on Friday . The stock traded as high as $154.92 and last traded at $153.77. 2,344,955 shares traded hands during trading, a decline of 67% from the average session volume of 7,133,242 shares. The stock had previously closed at $151.37.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Price Performance

The firm has a fifty day moving average of $149.33 and a 200 day moving average of $157.07. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $201.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Institutional Trading of PepsiCo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Exeter Financial LLC increased its stake in shares of PepsiCo by 14.8% in the 1st quarter. Exeter Financial LLC now owns 31,654 shares of the company’s stock worth $4,746,000 after purchasing an additional 4,080 shares in the last quarter. Sage Capital Advisors llc increased its position in PepsiCo by 64.1% in the first quarter. Sage Capital Advisors llc now owns 62,473 shares of the company’s stock worth $9,367,000 after buying an additional 24,408 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of PepsiCo by 1.5% in the first quarter. Moody National Bank Trust Division now owns 19,217 shares of the company’s stock worth $2,881,000 after buying an additional 288 shares during the period. Agate Pass Investment Management LLC lifted its position in shares of PepsiCo by 17.1% during the 1st quarter. Agate Pass Investment Management LLC now owns 22,602 shares of the company’s stock valued at $3,389,000 after buying an additional 3,294 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in PepsiCo by 52.8% in the 1st quarter. Versant Capital Management Inc now owns 6,604 shares of the company’s stock worth $990,000 after acquiring an additional 2,281 shares in the last quarter. 73.07% of the stock is 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.