PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) rose 0.4% during trading on Wednesday . The stock traded as high as $149.45 and last traded at $149.14. Approximately 1,005,832 shares traded hands during trading, a decline of 85% from the average daily volume of 6,659,940 shares. The stock had previously closed at $148.55.
Wall Street Analyst Weigh In
A number of analysts have weighed in on PEP shares. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Barclays cut their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given 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 $178.20.
Read Our Latest Stock Analysis on PepsiCo
PepsiCo Stock Up 0.1 %
PepsiCo Announces Dividend
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. This represents a $5.42 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.
Institutional Investors Weigh In On PepsiCo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at $31,000. Mattson Financial Services LLC bought a new position in shares of PepsiCo in the second quarter worth $34,000. Finally, Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. 73.07% of the stock is currently owned by 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.
Further Reading
- Five stocks we like better than PepsiCo
- What Are Dividend Challengers?
- Oracle Announces Game-Changing News for the AI Industry
- Why is the Ex-Dividend Date Significant to Investors?
- Netflix Adds 19 Million Subscribers, Growth Is Far For Over
- What is the S&P/TSX Index?
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.