Shares of PepsiCo (NASDAQ:PEP) are down 0%

Shares of PepsiCo, Inc. (NASDAQ:PEP – Get Free Report ) traded down 0% on Thursday. The stock traded as high as $174.15 and last traded at $175.20. 1,237,108 shares traded hands during trading, a decrease of 77% from the average session volume of 5,412,387 shares. Shares previously closed at $175.21.

Changes in Analyst Ratings

PEP has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Royal Bank of Canada cut their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Barclays raised their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $185.53, according to MarketBeat.com.

Check out our latest research report on PepsiCo

PepsiCo stock fell 0.2%

The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64, and a current ratio of 0.83. The firm has a market cap of $240.49 billion, a P/E ratio of 25.37, a PEG ratio of 3.06 and a beta of 0.53. The stock has a 50-day moving average of $173.20 and a 200-day moving average of $171.68.

PepsiCo (NASDAQ:PEP – Get Your Free Report ) last issued its quarterly earnings data 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%. PepsiCo’s revenue for the quarter was up 0.8% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a dividend of $5.42 on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, September 6. PepsiCo’s payout ratio is 78.66%.

Institutional inputs and outputs

Several hedge funds and other institutional investors have recently modified their holdings of PEP. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PepsiCo during the second quarter valued at about $223,000. Verity & Verity LLC boosted its holdings in shares of PepsiCo by 0.5% in the second quarter. Verity & Verity LLC now owns 57,867 shares of the company’s stock worth $9,544,000 after acquiring an additional 289 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of PepsiCo by 13.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock valued at $95,000 after buying an additional 68 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in PepsiCo in the second quarter valued at $2,095,000. Finally, Sanctuary Advisors LLC bought a new stake in PepsiCo in the second quarter valued at $48,028,000. Hedge funds and other institutional investors own 73.07% of the company’s shares.

About PepsiCo

(Get a free report)

PepsiCo, Inc is engaged in the manufacture, marketing, distribution and sale of various beverages and convenience 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 the Asia Pacific region, Australia and New Zealand and China.

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