PepsiCo (NASDAQ:PEP) Shares Down 2.1% – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s share price traded down 2.1% during mid-day trading on Monday . The company traded as low as $140.67 and last traded at $143.51. 5,374,839 shares were traded during trading, a decline of 10% from the average session volume of 5,944,592 shares. The stock had previously closed at $146.61.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PEP shares. Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Performance

The company has a market cap of $196.36 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.09 and a beta of 0.49. 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 stock has a 50 day simple moving average of $149.10 and a 200 day simple moving average of $156.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $2,729,565,000. GAMMA Investing LLC increased its stake in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth $589,307,000. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

About PepsiCo

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.