PepsiCo (NASDAQ:PEP) Trading Up 1%

PepsiCo, Inc. (NASDAQ:PEP)’s stock price rose 1% during mid-day trading on Monday . The stock traded as high as $172.85 and last traded at $172.82. Approximately 1,398,977 shares traded hands during trading, a decline of 74% from the average daily volume of 5,451,829 shares. The stock had previously closed at $171.18.

Analyst Ratings Changes

A number of equities research analysts recently commented on PEP shares. Bank of America dropped their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Barclays lifted their price objective on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada lowered their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday. 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, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $185.53.

PepsiCo Trading Up 0.7 %

The firm has a market cap of $237.08 billion, a PE ratio of 25.08, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company’s 50-day moving average is $173.51 and its 200 day moving average is $171.87.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is currently 78.66%.

Institutional Investors Weigh In On PepsiCo

Institutional investors and hedge funds have recently modified their holdings of the business. Valued Wealth Advisors LLC increased its position in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the second quarter worth $30,000. Fortis Group Advisors LLC increased its holdings in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of PepsiCo in the first quarter worth $35,000. 73.07% of the stock is 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.