PepsiCo (NASDAQ:PEP) Stock Price Up 0.4% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP) was up 0.4% during mid-day trading on Friday . The stock traded as high as $146.17 and last traded at $145.21. Approximately 1,020,708 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 6,731,028 shares. The stock had previously closed at $144.58.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PEP shares. HSBC dropped their target price 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. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Morgan Stanley dropped their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.8 %

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 business’s 50 day simple moving average is $149.80 and its 200 day simple moving average is $163.20. The company has a market capitalization of $196.66 billion, a PE ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Investors Weigh In On PepsiCo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter worth approximately $28,000. Collier Financial purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter worth approximately $30,000. 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.