PepsiCo (NASDAQ:PEP) Stock Price Down 0.1% – Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) dropped 0.1% on Tuesday . The company traded as low as $143.40 and last traded at $144.22. Approximately 1,315,451 shares changed hands during trading, a decline of 80% from the average daily volume of 6,740,858 shares. The stock had previously closed at $144.35.

Analysts Set New Price Targets

Several analysts have issued reports on PEP shares. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Up 0.4 %

The stock has a fifty day moving average of $151.05 and a 200-day moving average of $163.87. The firm has a market capitalization of $198.71 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for 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 company’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Institutional Trading of PepsiCo

Several large investors have recently added to or reduced their stakes in the business. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

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.