PepsiCo (NASDAQ:PEP) Stock Price Up 0.3% – Still a Buy?

by · The Cerbat Gem

PepsiCo, Inc. (NASDAQ:PEP – Get Free Report)’s stock price was up 0.3% on Friday . The stock traded as high as $174.11 and last traded at $173.51. Approximately 855,496 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 5,490,068 shares. The stock had previously closed at $172.99.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PEP shares. Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group lowered their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.07.

Get Our Latest Stock Analysis on PEP

PepsiCo Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average price is $173.59 and its two-hundred day moving average price is $172.07. The firm has a market capitalization of $239.28 billion, a PE ratio of 25.59, a PEG ratio of 3.11 and a beta of 0.53.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.11%. PepsiCo’s payout ratio is currently 79.94%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bragg Financial Advisors Inc boosted its position in shares of PepsiCo by 1.8% in the fourth quarter. Bragg Financial Advisors Inc now owns 53,786 shares of the company’s stock worth $9,135,000 after acquiring an additional 957 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of PepsiCo in the 4th quarter valued at $3,480,000. Baird Financial Group Inc. grew its stake in shares of PepsiCo by 4.4% during the 4th quarter. Baird Financial Group Inc. now owns 1,381,461 shares of the company’s stock valued at $234,627,000 after buying an additional 58,472 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of PepsiCo by 5.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 118,602 shares of the company’s stock worth $20,143,000 after buying an additional 5,743 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in shares of PepsiCo by 11.1% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 603,985 shares of the company’s stock worth $102,581,000 after buying an additional 60,556 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

(Get Free Report)

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.

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