PepsiCo (NASDAQ:PEP) Trading 0.1% Higher – Time to Buy?

PepsiCo, Inc. (NASDAQ:PEP)’s stock price traded up 0.1% on Friday . The stock traded as high as $175.00 and last traded at $174.78. 1,088,946 shares changed hands during trading, a decline of 80% from the average session volume of 5,472,859 shares. The stock had previously closed at $174.67.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada decreased their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Finally, DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Price Performance

The business’s fifty day simple moving average is $173.78 and its 200 day simple moving average is $172.14. The firm has a market capitalization of $240.18 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.28 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company posted $2.25 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Violich Capital Management Inc. grew its holdings in PepsiCo by 2.5% during the third quarter. Violich Capital Management Inc. now owns 90,587 shares of the company’s stock worth $15,404,000 after buying an additional 2,220 shares in the last quarter. Penn Davis Mcfarland Inc. grew its stake in shares of PepsiCo by 1,206.0% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 28,523 shares of the company’s stock worth $4,850,000 after acquiring an additional 26,339 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of PepsiCo by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 7,687 shares of the company’s stock valued at $1,307,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Inc. boosted its holdings in PepsiCo by 2.1% during the third quarter. Godsey & Gibb Inc. now owns 115,117 shares of the company’s stock worth $19,576,000 after purchasing an additional 2,410 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its position in PepsiCo by 256.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,938 shares of the company’s stock worth $500,000 after purchasing an additional 2,114 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.