PepsiCo (NASDAQ:PEP) Stock Price Up 0.3% – Still a Buy?
by Teresa Graham · The Cerbat GemPepsiCo, 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
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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