PepsiCo (NASDAQ:PEP) Trading Down 0.1% – Here’s Why

Shares of PepsiCo, Inc. (NASDAQ:PEP) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $165.33 and last traded at $165.90. Approximately 777,374 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 5,441,380 shares. The stock had previously closed at $166.08.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.3 %

The company has a market cap of $227.15 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.10 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. The stock has a fifty day moving average price of $173.24 and a two-hundred day moving average price of $172.20.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $23.86 billion. During the same period last year, the business earned $2.25 EPS. The business’s revenue was down .6% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently modified their holdings of PEP. Worth Financial Advisory Group LLC increased its stake in shares of PepsiCo by 14.2% during the 1st quarter. Worth Financial Advisory Group LLC now owns 3,936 shares of the company’s stock worth $689,000 after purchasing an additional 490 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of PepsiCo by 16.7% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,709 shares of the company’s stock worth $649,000 after purchasing an additional 532 shares during the last quarter. Wambolt & Associates LLC increased its stake in shares of PepsiCo by 12.4% during the 1st quarter. Wambolt & Associates LLC now owns 19,363 shares of the company’s stock worth $3,349,000 after purchasing an additional 2,130 shares during the last quarter. Parthenon LLC boosted its holdings in PepsiCo by 0.6% in the 1st quarter. Parthenon LLC now owns 101,407 shares of the company’s stock worth $17,747,000 after buying an additional 612 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in PepsiCo by 1.6% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 53,680 shares of the company’s stock worth $9,395,000 after buying an additional 850 shares during the period. 73.07% of the stock is owned by institutional investors.

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.