Shares of PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $192.00.
PEP has been the topic of several research analyst reports. Royal Bank of Canada increased their target price on shares of PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. Argus increased their price target on PepsiCo from $206.00 to $212.00 in a report on Friday, July 14th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 target price on the stock. in a research report on Monday, July 17th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $193.00 to $195.00 in a research report on Friday, July 14th.
PepsiCo Trading Up 0.8 %
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.13. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.73 billion. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, equities analysts forecast that PepsiCo will post 7.48 EPS for the current year.
PepsiCo Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is presently 88.62%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in PepsiCo by 100,174.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 531,509,481 shares of the company’s stock worth $98,446,186,000 after purchasing an additional 530,979,425 shares during the last quarter. BlackRock Inc. grew its position in PepsiCo by 0.9% during the second quarter. BlackRock Inc. now owns 110,578,365 shares of the company’s stock valued at $20,481,325,000 after acquiring an additional 987,829 shares during the last quarter. State Street Corp lifted its holdings in shares of PepsiCo by 0.8% in the 2nd quarter. State Street Corp now owns 59,055,838 shares of the company’s stock worth $10,938,322,000 after acquiring an additional 489,175 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of PepsiCo by 95,514.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in PepsiCo by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 27,063,800 shares of the company’s stock worth $4,998,981,000 after purchasing an additional 937,277 shares during the period. Institutional investors own 71.40% of the company’s stock.
PepsiCo Company Profile
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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