PepsiCo (NASDAQ:PEP) Trading 0.2% Higher - What's Next?

On Thursday, PepsiCo, Inc. (NASDAQ:PEP) saw its stock rise by 0.2%. The trading session witnessed a peak price of $145.23, with the last trading price recorded at $145.01. Throughout the day, approximately 868,300 shares were exchanged, representing a significant decline of 87% compared to the average trading volume of 6,659,399 shares. The stock closed the previous day at $144.78.

Analyst Upgrades and Downgrades

Recently, various analysts have shared their insights regarding PepsiCo's stock performance. Piper Sandler commenced coverage on January 7th, assigning an "overweight" rating with a price target of $171.00. In contrast, on September 20th, Morgan Stanley downgraded the shares from "overweight" to "equal weight," establishing a price target of $185.00. Barclays adjusted their price objective down from $183.00 to $158.00 while retaining an "overweight" rating for the stock. TD Cowen also reduced their target price from $183.00 to $160.00, classifying the stock as a "hold." Furthermore, Deutsche Bank upgraded PepsiCo from "hold" to "buy," raising their price target from $179.00 to $184.00. Currently, one analyst has given a sell rating, while nine analysts suggest holding the stock, and another nine recommend buying it. MarketBeat.com reports an average rating of "Hold" with a target price of $178.60 for the stock.

PepsiCo Price Performance

PepsiCo boasts a market capitalization of $203.40 billion, a price-to-earnings ratio of 21.87, and a price-to-earnings-growth ratio of 2.57. With a beta value of 0.54, the stock's 50-day moving average stands at $155.37, and its 200-day moving average is $165.82. Financially, the company shows a quick ratio of 0.70, a current ratio of 0.89, and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The company declared a quarterly dividend recently, which was disbursed on January 6th. Shareholders who were on record as of December 6th received a dividend of $1.355 per share. The ex-dividend date for this payment coincided with December 6th. This results in an annualized dividend amount of $5.42, yielding a percentage of 3.66%. PepsiCo currently exhibits a dividend payout ratio of approximately 79.94%.

Institutional Trading of PepsiCo

In recent developments, several hedge funds and institutional investors have made adjustments to their holdings in PepsiCo. Global Wealth Strategies & Associates increased their stake by 59.0% in the third quarter, acquiring 159 shares worth $27,000 after adding 59 shares during the period. Highline Wealth Partners LLC also established a new position valued at approximately $28,000. Likewise, Legacy Investment Solutions LLC purchased a new stake worth about $31,000. Rakuten Securities Inc. boosted its ownership in PepsiCo by 93.2%, now holding 199 shares valued at $34,000 after buying 96 additional shares last quarter. Moreover, Mattson Financial Services LLC acquired a new investment in the stock during the second quarter worth roughly $34,000. Overall, 73.07% of PepsiCo's stock is held by institutional investors and hedge funds.

About PepsiCo

PepsiCo, Inc. is a multinational company that engages in the production, marketing, distribution, and selling 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, the Middle East and South Asia, and Asia Pacific, Australia and New Zealand, and China Region.

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