PepsiCo (NASDAQ:PEP) Stock Price Down 1.8% After Earnings Miss

PepsiCo, Inc. (NASDAQ:PEP) traded down 1.8% on Friday following a dissappointing earnings announcement. The stock traded as low as $131.80 and last traded at $132.88. 3,325,126 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 6,120,013 shares. The stock had previously closed at $135.31.

The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.06%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $162.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Tcfg Wealth Management LLC raised its holdings in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC grew its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC increased its position in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC raised its holdings in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. boosted its position in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

The stock has a market capitalization of $182.91 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a 50 day simple moving average of $147.70 and a two-hundred day simple moving average of $153.92.

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.