PepsiCo (NASDAQ:PEP) Hits New 1-Year Low on Analyst Downgrade

PepsiCo, Inc. (NASDAQ:PEP) shares hit a new 52-week low during trading on Thursday after TD Cowen lowered their price target on the stock from $183.00 to $160.00. TD Cowen currently has a hold rating on the stock. PepsiCo traded as low as $144.56 and last traded at $146.54, with a volume of 6776833 shares traded. The stock had previously closed at $145.40.

PEP has been the topic of a number of other research reports. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $180.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. Michael S. Ryan Inc. raised its holdings in shares of PepsiCo by 3.3% during the fourth quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock valued at $340,000 after acquiring an additional 71 shares during the last quarter. Legacy Private Trust Co. raised its stake in PepsiCo by 73.4% in the 4th quarter. Legacy Private Trust Co. now owns 8,415 shares of the company’s stock valued at $1,280,000 after purchasing an additional 3,561 shares during the last quarter. Farmers Trust Co. lifted its holdings in PepsiCo by 0.6% in the 4th quarter. Farmers Trust Co. now owns 51,197 shares of the company’s stock valued at $7,785,000 after purchasing an additional 315 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in PepsiCo by 10.0% during the 4th quarter. Douglas Lane & Associates LLC now owns 220,922 shares of the company’s stock worth $33,593,000 after purchasing an additional 20,016 shares during the last quarter. Finally, InvesTrust acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $6,268,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.8 %

The stock has a market capitalization of $201.05 billion, a PE ratio of 21.61, a P/E/G ratio of 2.94 and a beta of 0.54. The company’s 50 day moving average price is $157.81 and its two-hundred day moving average price is $166.68. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping 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 in the previous year, the firm posted $2.25 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.