PepsiCo (NASDAQ:PEP) Given New $182.00 Price Target at UBS Group

PepsiCo (NASDAQ:PEPGet Rating) had its price objective cut by UBS Group from $190.00 to $182.00 in a report released on Tuesday, The Fly reports. They currently have a buy rating on the stock.

PEP has been the subject of a number of other research reports. Citigroup raised their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. StockNews.com began coverage on shares of PepsiCo in a research report on Thursday, March 31st. They set a buy rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Credit Suisse Group raised their price objective on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Finally, Guggenheim lifted their price target on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $177.13.

NASDAQ PEP opened at $160.71 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The firm’s fifty day moving average price is $167.14 and its two-hundred day moving average price is $168.15. PepsiCo has a 1 year low of $144.61 and a 1 year high of $177.62. The firm has a market capitalization of $222.21 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. During the same period in the prior year, the company posted $1.21 earnings per share. PepsiCo’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo will post 6.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be issued a dividend of $1.15 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 annualized dividend and a dividend yield of 2.86%. PepsiCo’s payout ratio is presently 62.93%.

In related news, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the completion of the transaction, the executive vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cypress Wealth Services LLC boosted its position in shares of PepsiCo by 2.3% during the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after buying an additional 58 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its position in PepsiCo by 0.9% in the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock worth $1,105,000 after purchasing an additional 59 shares during the last quarter. West Oak Capital LLC boosted its position in PepsiCo by 0.4% in the fourth quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock worth $2,500,000 after purchasing an additional 60 shares during the last quarter. Lenox Wealth Advisors LLC raised its stake in shares of PepsiCo by 4.1% in the fourth quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after buying an additional 60 shares during the period. Finally, Colton Groome Financial Advisors LLC raised its stake in PepsiCo by 1.4% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock valued at $757,000 after purchasing an additional 60 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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