PepsiCo (NASDAQ:PEP) Trading Down 0.4% – Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded down 0.4% on Friday . The stock traded as low as $150.38 and last traded at $151.28. 770,089 shares were traded during trading, a decline of 88% from the average session volume of 6,357,431 shares. The stock had previously closed at $151.90.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.73.

PepsiCo Price Performance

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 stock has a market cap of $206.57 billion, a PE ratio of 22.21, a P/E/G ratio of 2.91 and a beta of 0.54. The company has a fifty day moving average of $153.35 and a 200-day moving average of $164.97.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.60%. PepsiCo’s dividend payout ratio is presently 79.94%.

Institutional Investors Weigh In On PepsiCo

Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. lifted its position in PepsiCo by 13.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock worth $95,000 after acquiring an additional 68 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PepsiCo during the 2nd quarter worth approximately $223,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in PepsiCo by 116.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 617,014 shares of the company’s stock worth $101,764,000 after acquiring an additional 332,558 shares during the period. Anchor Investment Management LLC lifted its position in PepsiCo by 17.5% during the 2nd quarter. Anchor Investment Management LLC now owns 26,359 shares of the company’s stock worth $4,347,000 after acquiring an additional 3,923 shares during the period. Finally, Centaurus Financial Inc. lifted its position in PepsiCo by 210.2% during the 2nd quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock worth $2,378,000 after acquiring an additional 9,770 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

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.