PepsiCo (NASDAQ:PEP) Shares Down 2.9% – Here’s What Happened

14 Mar 2025, 18:50 by Danessa Lincoln · The Markets Daily

Shares of PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) were down 2.9% during trading on Wednesday . The company traded as low as $146.51 and last traded at $147.86. Approximately 2,308,189 shares changed hands during trading, a decline of 68% from the average daily volume of 7,266,076 shares. The stock had previously closed at $152.33.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.59.

Read Our Latest Stock Analysis on PEP

PepsiCo Stock Up 0.2 %

The firm has a market capitalization of $203.94 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 3.09 and a beta of 0.52. The business’s 50-day moving average is $148.78 and its two-hundred day moving average is $160.29. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.64%. PepsiCo’s dividend payout ratio is presently 77.99%.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northstar Financial Companies Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at $693,000. Campbell Deegan Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $425,000. Anchor Pointe Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $226,000. Capstone Triton Financial Group LLC lifted its holdings in shares of PepsiCo by 6.4% during the fourth quarter. Capstone Triton Financial Group LLC now owns 6,008 shares of the company’s stock worth $914,000 after buying an additional 360 shares in the last quarter. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $255,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Company Profile

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