Shares of Pepsico, Inc. (NASDAQ:PEP) have received a consensus rating of “Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $123.05.
PEP has been the topic of a number of analyst reports. Cowen reiterated a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Royal Bank of Canada reiterated a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Macquarie initiated coverage on Pepsico in a research note on Thursday, September 14th. They set an “outperform” rating and a $125.00 price objective on the stock. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Tuesday, October 31st. Finally, Deutsche Bank initiated coverage on Pepsico in a research report on Wednesday, December 13th. They set a “buy” rating and a $132.00 target price for the company.
A number of institutional investors have recently bought and sold shares of the stock. Sawyer & Company Inc purchased a new position in Pepsico during the fourth quarter worth about $1,681,000. Rockland Trust Co. boosted its holdings in shares of Pepsico by 2.7% in the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock worth $17,495,000 after purchasing an additional 3,876 shares in the last quarter. LGT Capital Partners LTD. boosted its holdings in shares of Pepsico by 2.2% in the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock worth $21,316,000 after purchasing an additional 3,780 shares in the last quarter. First American Trust FSB boosted its holdings in shares of Pepsico by 12.3% in the 4th quarter. First American Trust FSB now owns 70,784 shares of the company’s stock worth $8,489,000 after purchasing an additional 7,766 shares in the last quarter. Finally, Windward Capital Management Co. CA boosted its holdings in shares of Pepsico by 2.7% in the 4th quarter. Windward Capital Management Co. CA now owns 129,819 shares of the company’s stock worth $15,568,000 after purchasing an additional 3,471 shares in the last quarter. Institutional investors and hedge funds own 70.20% of the company’s stock.
Pepsico (PEP) traded down $0.60 during trading hours on Monday, hitting $116.88. The company had a trading volume of 3,690,000 shares, compared to its average volume of 3,700,000. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. Pepsico has a 12 month low of $101.06 and a 12 month high of $120.57. The company has a market cap of $166,220.00, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 1st were given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.75%. The ex-dividend date was Thursday, November 30th. Pepsico’s payout ratio is 66.53%.
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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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