THE EFFECT OF DEBT TO EQUITY RATIO, PRICE EARNING RATIO, AND DIVIDEND PAYOUT RATIO ON STOCK PRICES IN FOOD AND BEVERAGE INDUSTRY MANUFACTURING INDONESIA REGISTERED COMPANIES STOCK EXCHANGE

Rahmah Suci Dewanti, Irma Christiana

Abstract


The purpose of this study was to determine and analyze the effect of the debt to equity ratio, price earnings ratio and dividend payout ratio on stock prices in manufacturing companies in the food and beverage industry sub-sector which are listed on the Indonesian stock exchange. This study uses financial management theory related to debt to equity ratio, price earnings ratio and dividend payout ratio . The approach used in this study is to use an associative approach and the type of data used is quantitative. The population in this study were 30 food and beverage manufacturing companies listed on the Indonesian stock exchange. The number of samples was 6 food and beverage manufacturing companies listed on the Indonesian stock exchange which published financial reports for the 2016 -2022 period using a purposive sampling technique. The data analysis technique used in this study is multiple linear regression analysis with SPSS 22 software tools. The results show that the debt to equity ratio has no effect on stock prices, Price earnings ratio has no effect on stock prices, dividend payout ratio has no effect on stock prices in manufacturing companies in the food and beverage industry sub-sector which are listed on the Indonesian stock exchange.


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