Pepsico, Inc. (NYSE:PEP) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $120.95.
PEP has been the subject of several recent analyst reports. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Macquarie started coverage on shares of Pepsico in a research report on Thursday, September 14th. They issued an “outperform” rating and a $125.00 price target for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research report on Wednesday, September 6th.
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Shares of Pepsico (NYSE PEP) traded down $0.55 during mid-day trading on Friday, hitting $114.68. 2,635,146 shares of the stock traded hands, compared to its average volume of 3,265,175. The firm has a market cap of $163,091.36, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. Pepsico has a one year low of $98.50 and a one year high of $119.39. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.43 by $0.05. The company had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. equities analysts expect that Pepsico will post 5.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%. Pepsico’s dividend payout ratio is 66.53%.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Physicians Financial Services Inc. raised its stake in shares of Pepsico by 4.9% during the 1st quarter. Physicians Financial Services Inc. now owns 13,190 shares of the company’s stock worth $1,475,000 after purchasing an additional 618 shares during the period. Narwhal Capital Management raised its stake in shares of Pepsico by 2.5% during the 1st quarter. Narwhal Capital Management now owns 28,480 shares of the company’s stock worth $3,186,000 after purchasing an additional 700 shares during the period. Investment Counsel Inc. raised its stake in shares of Pepsico by 1.9% during the 1st quarter. Investment Counsel Inc. now owns 26,553 shares of the company’s stock worth $2,970,000 after purchasing an additional 500 shares during the period. Everett Harris & Co. CA raised its stake in shares of Pepsico by 0.6% during the 1st quarter. Everett Harris & Co. CA now owns 389,447 shares of the company’s stock worth $43,564,000 after purchasing an additional 2,215 shares during the period. Finally, Capital Management Corp VA raised its stake in shares of Pepsico by 9.4% during the 1st quarter. Capital Management Corp VA now owns 2,319 shares of the company’s stock worth $259,000 after purchasing an additional 200 shares during the period. 70.54% of the stock is currently owned by hedge funds and other institutional investors.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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