PepsiCo (NASDAQ:PEP) Trading Down 1.5% - Should You Sell?
PepsiCo (NASDAQ: PEP) shares fell 1.5% to $144.56, with trading volume down 81% from average levels. Analysts have downgraded the stock, with Barclays lowering its target price from $168 to $156. The consensus rating is 'Hold' with a target price of $168.12. PepsiCo reported Q1 earnings of $1.96 EPS, slightly above estimates, but revenue declined 0.2% year-over-year. The company declared a quarterly dividend of $1.355, yielding 3.79%. Institutional investors hold 73.07% of the stock.
PepsiCo, Inc. (NASDAQ:PEP - Get Free Report)'s share price traded down 1.5% on Tuesday . The stock traded as low as $144.02 and last traded at $144.56. 1,145,827 shares were traded during trading, a decline of 81% from the average session volume of 6,066,514 shares. The stock had previously closed at $146.75.
Analyst Ratings Changes
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A number of equities research analysts recently commented on PEP shares. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. Finally, TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.12.
Read Our Latest Stock Report on PEP
PepsiCo Price Performance
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The stock has a 50 day moving average price of $148.39 and a 200-day moving average price of $155.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $196.25 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during 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 company's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
- Celsius Heats Up: Acquisition, Analyst Upgrade Fuel Momentum
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. PepsiCo's dividend payout ratio is presently 77.99%.
Institutional Trading of PepsiCo
Several large investors have recently added to or reduced their stakes in PEP. Donaldson Capital Management LLC raised its holdings in shares of PepsiCo by 7.5% during the 1st quarter. Donaldson Capital Management LLC now owns 188,070 shares of the company's stock worth $28,199,000 after acquiring an additional 13,059 shares during the period. Martin Capital Partners LLC raised its stake in PepsiCo by 3.3% during the first quarter. Martin Capital Partners LLC now owns 7,237 shares of the company's stock worth $1,085,000 after purchasing an additional 230 shares during the period. Bard Financial Services Inc. boosted its holdings in PepsiCo by 4.2% in the 1st quarter. Bard Financial Services Inc. now owns 73,871 shares of the company's stock valued at $11,076,000 after purchasing an additional 3,000 shares during the last quarter. Curbstone Financial Management Corp grew its stake in shares of PepsiCo by 2.9% in the 1st quarter. Curbstone Financial Management Corp now owns 22,982 shares of the company's stock valued at $3,446,000 after buying an additional 640 shares during the period. Finally, Founders Capital Management LLC increased its holdings in shares of PepsiCo by 0.5% during the 1st quarter. Founders Capital Management LLC now owns 76,920 shares of the company's stock worth $11,533,000 after buying an additional 350 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
About PepsiCo
(Get Free Report)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.
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