PepsiCo (NASDAQ:PEP) Stock Price Down 0.1% – What’s Next?

17 Jan 2025, 17:25 by Teresa Graham · The Cerbat Gem

Shares of PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $144.46 and last traded at $144.78. 1,238,576 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 6,636,581 shares. The stock had previously closed at $144.95.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays cut their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $178.60.

Get Our Latest Stock Report on PEP

PepsiCo Price Performance

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 market cap of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The firm has a 50 day moving average price of $156.06 and a 200 day moving average price of $166.05.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after purchasing an additional 8,406 shares during the period. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock valued at $259,350,000 after buying an additional 870,451 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after buying an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after acquiring an additional 5,220 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Company Profile

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