PepsiCo (PEP) Sets New 1-Year High at $123.33

PepsiCo, Inc. (NASDAQ:PEP) shares reached a new 52-week high during trading on Monday . The company traded as high as $123.33 and last traded at $123.18, with a volume of 171665 shares changing hands. The stock had previously closed at $122.23.

PEP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BidaskClub downgraded PepsiCo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. Barclays reiterated a “hold” rating and issued a $111.00 price objective (up previously from $104.00) on shares of PepsiCo in a report on Monday, February 18th. Finally, Jefferies Financial Group increased their price objective on PepsiCo to $119.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $118.79.

The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $173.65 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.10 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 15th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.52 billion. During the same period last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $0.9275 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a yield of 3.03%. PepsiCo’s payout ratio is 65.55%.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after buying an additional 1,595,038 shares in the last quarter. Vanguard Group Inc increased its position in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after buying an additional 1,595,038 shares in the last quarter. BlackRock Inc. increased its position in PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after buying an additional 2,275,511 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after buying an additional 34,380,553 shares in the last quarter. Finally, Northern Trust Corp increased its position in PepsiCo by 3.2% during the fourth quarter. Northern Trust Corp now owns 20,185,841 shares of the company’s stock worth $2,230,132,000 after buying an additional 623,727 shares in the last quarter. 72.30% of the stock is owned by institutional investors.

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About PepsiCo (NASDAQ:PEP)

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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