PepsiCo (NASDAQ:PEP) Trading 0.2% Higher – Here’s What Happened

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded up 0.2% during trading on Thursday . The stock traded as high as $145.23 and last traded at $145.01. 868,300 shares were traded during trading, a decline of 87% from the average session volume of 6,659,399 shares. The stock had previously closed at $144.78.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and lifted their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $178.60.

PepsiCo Stock Performance

The stock has a market capitalization of $203.40 billion, a PE ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $155.37 and its 200 day moving average is $165.82.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Institutional Investors Weigh In On PepsiCo

Several large investors have recently added to or reduced their stakes in the stock. Apeiron RIA LLC raised its holdings in shares of PepsiCo by 25.8% in the 4th quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock valued at $802,000 after purchasing an additional 1,082 shares in the last quarter. Secure Asset Management LLC raised its holdings in shares of PepsiCo by 31.8% in the 4th quarter. Secure Asset Management LLC now owns 3,546 shares of the company’s stock valued at $539,000 after purchasing an additional 855 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in shares of PepsiCo by 7.8% in the 4th quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock valued at $5,388,000 after purchasing an additional 2,568 shares in the last quarter. Trust Co. of Oklahoma raised its holdings in shares of PepsiCo by 2.9% in the 4th quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock valued at $4,299,000 after purchasing an additional 799 shares in the last quarter. Finally, Peterson Wealth Advisors LLC raised its holdings in shares of PepsiCo by 16.4% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,395 shares of the company’s stock valued at $209,000 after purchasing an additional 197 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

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.