PepsiCo (NASDAQ:PEP) Trading 0% Higher

PepsiCo, Inc. (NASDAQ:PEP) was up 0% on Monday . The company traded as high as $171.74 and last traded at $170.02. Approximately 899,834 shares traded hands during trading, a decline of 84% from the average daily volume of 5,468,608 shares. The stock had previously closed at $170.00.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Barclays upped their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $185.20.

PepsiCo Price Performance

The company’s fifty day moving average is $173.77 and its two-hundred day moving average is $172.08. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $233.58 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.19%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its holdings in PepsiCo by 23.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after buying an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC increased its position in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after acquiring an additional 229 shares during the period. 9258 Wealth Management LLC raised its stake in PepsiCo by 56.0% in the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after purchasing an additional 2,974 shares in the last quarter. Steward Partners Investment Solutions LLC bought a new stake in PepsiCo in the 4th quarter valued at about $522,000. Finally, Jones Financial Companies Lllp grew its position in shares of PepsiCo by 5.2% during the 4th quarter. Jones Financial Companies Lllp now owns 75,965 shares of the company’s stock worth $12,902,000 after purchasing an additional 3,756 shares in the last quarter. 73.07% of the stock is owned by 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.