PepsiCo (NASDAQ:PEP) Stock Price Up 0.9% – Here’s What Happened

PepsiCo, Inc. (NASDAQ:PEP)’s stock price traded up 0.9% on Monday . The stock traded as high as $154.58 and last traded at $154.84. 1,927,836 shares changed hands during trading, a decline of 73% from the average session volume of 7,012,063 shares. The stock had previously closed at $153.47.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PEP. Barclays cut their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citigroup decreased 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. TD Cowen cut 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. Deutsche Bank Aktiengesellschaft decreased 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, Wells Fargo & Company reduced their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Price Performance

The business’s 50-day moving average price is $148.59 and its 200 day moving average price is $161.44. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $213.94 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at about $31,000. 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.