PepsiCo (NASDAQ:PEP) Trading Down 0.3%

PepsiCo, Inc. (NASDAQ:PEP) shares dropped 0.3% on Tuesday . The company traded as low as $170.36 and last traded at $171.55. Approximately 1,097,076 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 5,448,763 shares. The stock had previously closed at $172.11.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research reports. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barclays upped their target price on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.53.

PepsiCo Price Performance

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 has a market capitalization of $234.85 billion, a PE ratio of 24.90, a PEG ratio of 3.06 and a beta of 0.53. The company’s 50 day moving average price is $173.68 and its 200-day moving average price is $171.93.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

Institutional Investors Weigh In On PepsiCo

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after purchasing an additional 905,468 shares during the period. Massachusetts Financial Services Co. MA boosted its position in PepsiCo by 7.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock valued at $1,673,632,000 after purchasing an additional 700,092 shares during the period. Dimensional Fund Advisors LP grew its stake in PepsiCo by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after buying an additional 561,465 shares during the last quarter. Ameriprise Financial Inc. increased its position in PepsiCo by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock worth $846,030,000 after buying an additional 57,322 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of PepsiCo by 15.7% during the fourth quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after acquiring an additional 693,873 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.