PepsiCo (NASDAQ:PEP) Downgraded by Barclays to “Equal Weight”

Barclays lowered shares of PepsiCo (NASDAQ:PEP) from an overweight rating to an equal weight rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $156.00 price target on the stock, down from their prior price target of $168.00.

A number of other equities research analysts also recently weighed in on PEP. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Price Performance

PEP stock opened at $148.99 on Tuesday. PepsiCo has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $204.34 billion, a PE ratio of 21.44, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s 50 day moving average is $148.94 and its two-hundred day moving average is $159.58.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the business earned $1.78 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Analysts predict that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.64%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Trading of PepsiCo

Several institutional investors have recently modified their holdings of PEP. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter valued at $31,000. Institutional investors and hedge funds 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.