PepsiCo (NASDAQ:PEP) Reaches New 12-Month Low – What’s Next?

PepsiCo, Inc. (NASDAQ:PEP)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $140.67 and last traded at $142.88, with a volume of 3891237 shares trading hands. The stock had previously closed at $146.61.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Price Performance

The company has a market cap of $196.36 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.49. The company’s 50-day moving average price is $149.33 and its two-hundred day moving average price is $156.94. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $1.78 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. Summit Global Investments grew its stake in shares of PepsiCo by 1,271.3% in the first quarter. Summit Global Investments now owns 47,158 shares of the company’s stock worth $7,071,000 after purchasing an additional 43,719 shares in the last quarter. First County Bank CT grew its position in PepsiCo by 9.4% in the 1st quarter. First County Bank CT now owns 6,362 shares of the company’s stock valued at $954,000 after buying an additional 549 shares in the last quarter. Tompkins Financial Corp increased its stake in PepsiCo by 2.8% during the 1st quarter. Tompkins Financial Corp now owns 68,013 shares of the company’s stock valued at $10,198,000 after buying an additional 1,884 shares during the period. GoalVest Advisory LLC raised its position in shares of PepsiCo by 30.9% during the 1st quarter. GoalVest Advisory LLC now owns 11,892 shares of the company’s stock worth $1,783,000 after buying an additional 2,806 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.