PepsiCo (NASDAQ:PEP) Stock Price Up 0.6% – What’s Next?

Shares of PepsiCo, Inc. (NASDAQ:PEP) were up 0.6% on Tuesday . The stock traded as high as $152.21 and last traded at $152.17. Approximately 792,142 shares changed hands during trading, a decline of 86% from the average daily volume of 5,585,567 shares. The stock had previously closed at $151.29.

Analysts Set New Price Targets

Several analysts have recently weighed in on PEP shares. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $184.31.

PepsiCo Stock Up 1.0 %

The stock’s fifty day simple moving average is $162.61 and its 200-day simple moving average is $167.91. The stock has a market cap of $209.65 billion, a P/E ratio of 22.54, a PEG ratio of 2.94 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for 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 firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.55%. PepsiCo’s payout ratio is 79.94%.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Argent Advisors Inc. lifted its holdings in PepsiCo by 21.0% in the second quarter. Argent Advisors Inc. now owns 3,761 shares of the company’s stock valued at $620,000 after buying an additional 652 shares during the period. Oxler Private Wealth LLC grew its position in PepsiCo by 0.8% in the second quarter. Oxler Private Wealth LLC now owns 14,833 shares of the company’s stock valued at $2,446,000 after purchasing an additional 117 shares in the last quarter. North Point Portfolio Managers Corp OH boosted its position in PepsiCo by 0.7% during the second quarter. North Point Portfolio Managers Corp OH now owns 72,010 shares of the company’s stock valued at $11,877,000 after purchasing an additional 476 shares during the last quarter. Signaturefd LLC increased its holdings in PepsiCo by 3.3% during the second quarter. Signaturefd LLC now owns 31,116 shares of the company’s stock worth $5,132,000 after buying an additional 987 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in PepsiCo by 2.8% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 25,682 shares of the company’s stock valued at $4,236,000 after purchasing an additional 688 shares during the last quarter. 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.