PepsiCo (NASDAQ:PEP) Shares Up 1%

PepsiCo, Inc. (NASDAQ:PEP)’s stock price shot up 1% during mid-day trading on Monday . The stock traded as high as $176.15 and last traded at $175.87. 1,408,152 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 5,676,634 shares. The stock had previously closed at $174.13.

Wall Street Analyst Weigh In

Several analysts have issued reports on PEP shares. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Barclays increased their price target on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Trading Down 3.0 %

The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock’s fifty day moving average price is $168.84 and its 200 day moving average price is $167.63. The stock has a market cap of $235.34 billion, a PE ratio of 26.06, a PEG ratio of 2.77 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter last year, the company posted $1.67 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Fortis Group Advisors LLC increased its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo in the 1st quarter valued at $35,000. Life Planning Partners Inc bought a new stake in PepsiCo in the 4th quarter valued at $34,000. Finally, Naples Money Management LLC bought a new stake in PepsiCo in the 4th quarter valued at $36,000. Hedge funds and other institutional investors 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.