PepsiCo (NASDAQ:PEP) Shares Up 0.3%

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded up 0.3% on Tuesday . The company traded as high as $164.40 and last traded at $163.46. 669,809 shares changed hands during trading, a decline of 88% from the average session volume of 5,471,711 shares. The stock had previously closed at $162.89.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Finally, Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $186.64.

PepsiCo Price Performance

The stock’s 50-day simple moving average is $172.95 and its two-hundred day simple moving average is $170.24. The company has a market capitalization of $223.54 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.69 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Seven Eight Capital LP acquired a new stake in shares of PepsiCo in the third quarter valued at $2,111,000. Sei Investments Co. raised its stake in shares of PepsiCo by 10.2% in the third quarter. Sei Investments Co. now owns 464,135 shares of the company’s stock valued at $78,643,000 after acquiring an additional 42,840 shares in the last quarter. Rainsberger Wealth Advisors Inc. grew its stake in PepsiCo by 1.5% during the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 10,103 shares of the company’s stock worth $1,712,000 after purchasing an additional 152 shares in the last quarter. Royal London Asset Management Ltd. raised its position in PepsiCo by 5.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,046,856 shares of the company’s stock valued at $177,385,000 after purchasing an additional 53,249 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in shares of PepsiCo by 251.1% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,581 shares of the company’s stock valued at $607,000 after buying an additional 2,561 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About PepsiCo

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.