PepsiCo (NASDAQ:PEP) Stock Price Down 0.8% – Should You Sell?

by · The Cerbat Gem

PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) shares were down 0.8% on Wednesday . The company traded as low as $172.47 and last traded at $172.99. Approximately 689,272 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 5,465,569 shares. The stock had previously closed at $174.37.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PEP shares. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Jefferies Financial Group reduced their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research report on Friday, September 20th. Finally, Royal Bank of Canada reduced their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $183.92.

View Our Latest Report on PepsiCo

PepsiCo Trading Down 0.2 %

The stock has a market capitalization of $236.17 billion, a PE ratio of 25.19, a PEG ratio of 3.25 and a beta of 0.53. 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 business’s 50-day moving average is $173.88 and its two-hundred day moving average is $172.23.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC grew its position in PepsiCo by 3.6% during the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares during the period. Norden Group LLC grew its position in shares of PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after purchasing an additional 174,171 shares during the last quarter. M&G Plc grew its position in shares of PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora grew its position in shares of PepsiCo by 32.7% in the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock valued at $4,079,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its position in shares of PepsiCo by 1,320.5% in the first quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock valued at $5,850,000 after purchasing an additional 31,072 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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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