PepsiCo, Inc. (NASDAQ:PEP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $182.00.

PEP has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group raised their target price on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, UBS Group reduced their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now owns 50,577 shares in the company, valued at $8,842,376.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the sale, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares in the company, valued at $8,842,376.91. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SevenBridge Financial Group LLC boosted its holdings in shares of PepsiCo by 77.7% in the first quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock worth $6,024,000 after buying an additional 15,740 shares during the last quarter. First American Trust FSB increased its stake in shares of PepsiCo by 9.0% in the 1st quarter. First American Trust FSB now owns 4,817 shares of the company’s stock worth $806,000 after purchasing an additional 398 shares in the last quarter. Tiedemann Advisors LLC lifted its position in PepsiCo by 2.8% during the first quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock valued at $2,072,000 after purchasing an additional 338 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in PepsiCo by 9.3% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock valued at $20,049,000 after purchasing an additional 10,179 shares during the period. Finally, Osher Van de Voorde Investment Management raised its stake in shares of PepsiCo by 3.1% in the first quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock worth $17,027,000 after buying an additional 3,065 shares during the period. Institutional investors own 71.38% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $170.66 on Friday. The firm has a market capitalization of $235.49 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.42 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a fifty day moving average of $172.83 and a 200 day moving average of $170.70. PepsiCo has a 52-week low of $149.48 and a 52-week high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The firm had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts expect that PepsiCo will post 6.66 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, September 1st. PepsiCo’s payout ratio is currently 69.28%.

About PepsiCo

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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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