PepsiCo (NASDAQ:PEP) Trading 0.5% Higher – Still a Buy?

PepsiCo, Inc. (NASDAQ:PEP) traded up 0.5% on Tuesday . The company traded as high as $149.70 and last traded at $149.05. 1,147,998 shares changed hands during trading, a decline of 83% from the average session volume of 6,592,226 shares. The stock had previously closed at $148.25.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note 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. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One 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. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Performance

The company has a market cap of $203.58 billion, a PE ratio of 21.89, a P/E/G ratio of 2.74 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business’s fifty day moving average is $155.05 and its 200-day moving average is $165.76.

PepsiCo Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.65%. PepsiCo’s dividend payout ratio is currently 79.94%.

Hedge Funds Weigh In On PepsiCo

Hedge funds have recently modified their holdings of the company. Global Wealth Strategies & Associates increased its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $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 worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $31,000. Mattson Financial Services LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. 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.