PepsiCo (NASDAQ:PEP) Hits New 12-Month Low – Here’s Why

PepsiCo, Inc. (NASDAQ:PEP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $149.71 and last traded at $151.29, with a volume of 6819689 shares traded. The stock had previously closed at $152.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PEP shares. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $184.31.

PepsiCo Stock Up 1.0 %

The stock has a market capitalization of $209.65 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a 50 day moving average price of $163.04 and a 200 day moving average price of $168.02.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Independent Solutions Wealth Management LLC boosted its position in shares of PepsiCo by 27.2% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 3,361 shares of the company’s stock valued at $572,000 after purchasing an additional 719 shares in the last quarter. Brass Tax Wealth Management Inc. boosted its holdings in shares of PepsiCo by 8.7% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,660 shares of the company’s stock worth $452,000 after buying an additional 212 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of PepsiCo by 22.1% in the 3rd quarter. Retirement Systems of Alabama now owns 657,482 shares of the company’s stock valued at $111,805,000 after acquiring an additional 118,983 shares in the last quarter. Inspire Trust Co. N.A. lifted its position in shares of PepsiCo by 12.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 12,300 shares of the company’s stock valued at $2,092,000 after acquiring an additional 1,355 shares during the period. Finally, Franklin Resources Inc. grew its holdings in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after purchasing 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.