12 hours Ago By ABMN Staff
PepsiCo, Inc. ( NASDAQ:PEP – Get Free Report )’s share price dropped 0% during trading on Thursday . The company traded as low as $174.
15 and last traded at $175.20. Approximately 1,237,108 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,412,387 shares.
The stock had previously closed at $175.21. Wall Street Analyst Weigh In A number of research firms have recently weighed in on PEP.
Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th.
Barclays raised their price target on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th.
Royal Bank of Canada dropped their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.
TD Cowen lowered their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd.
Finally, Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th.
Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.
53. Get Our Latest Analysis on PepsiCo PepsiCo Stock Performance PepsiCo ( NASDAQ:PEP – Get Free Report ) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.
28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12.
The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion.
PepsiCo had a return on equity of 57.37% and a net margin of 10.34%.
The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.
09 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.
15 earnings per share for the current year. PepsiCo Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.
355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.
10%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.
66%. Institutional Investors Weigh In On PepsiCo Several institutional investors and hedge funds have recently made changes to their positions in PEP. Gilbert & Cook Inc.
boosted its holdings in PepsiCo by 23.4% in the fourth quarter. Gilbert & Cook Inc.
now owns 5,971 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,133 shares during the last quarter. Aveo Capital Partners LLC boosted its stake in shares of PepsiCo by 4.4% in the 4th quarter.
Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares during the last quarter. 9258 Wealth Management LLC grew its holdings in shares of PepsiCo by 56.0% in the fourth quarter.
9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares during the period. Gryphon Financial Partners LLC increased its position in PepsiCo by 81.3% during the fourth quarter.
Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,635 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its position in PepsiCo by 2.5% in the fourth quarter.
TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock worth $2,268,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.
About PepsiCo ( Get Free Report ) 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. Read More 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.
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