PepsiCo (NASDAQ:PEP) shares reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $103.42 and last traded at $102.50, with a volume of 4071597 shares changing hands. The stock had previously closed at $105.57.
PEP has been the subject of a number of analyst reports. Cowen reissued a “buy” rating and set a $133.00 target price on shares of PepsiCo in a research note on Tuesday, January 9th. TheStreet downgraded shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. SunTrust Banks started coverage on shares of PepsiCo in a research report on Monday, January 29th. They set a “hold” rating and a $125.00 price target on the stock. BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Jefferies Group restated a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. PepsiCo has a consensus rating of “Hold” and an average price target of $123.04.
The stock has a market capitalization of $149,850.80, a P/E ratio of 19.59, a PEG ratio of 2.50 and a beta of 0.66. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. During the same period in the previous year, the firm earned $1.20 EPS. PepsiCo’s revenue was up .1% on a year-over-year basis. sell-side analysts forecast that PepsiCo will post 5.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were issued a $0.805 dividend. The ex-dividend date was Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 3.14%. PepsiCo’s payout ratio is currently 61.57%.
PepsiCo announced that its board has approved a share repurchase program on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Amundi Pioneer Asset Management Inc. raised its holdings in shares of PepsiCo by 42.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,306,614 shares of the company’s stock worth $756,289,000 after purchasing an additional 1,882,971 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PepsiCo by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock worth $1,996,271,000 after purchasing an additional 1,305,279 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock worth $779,152,000 after purchasing an additional 996,562 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of PepsiCo by 120.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,779,601 shares of the company’s stock worth $213,410,000 after purchasing an additional 972,517 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of PepsiCo by 26.1% in the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.
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PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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