PepsiCo, Inc. (NASDAQ:PEP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

PepsiCo, Inc. (NASDAQ:PEPGet Free Report) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $186.13.

Several research analysts recently commented on PEP shares. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America dropped their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday. Barclays dropped their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday.

Check Out Our Latest Analysis on PepsiCo

PepsiCo Trading Down 0.1 %

NASDAQ:PEP opened at $161.90 on Wednesday. PepsiCo has a one year low of $155.83 and a one year high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market cap of $222.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.70 and a beta of 0.52. The firm has a 50-day simple moving average of $171.59 and a 200-day simple moving average of $170.07.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that PepsiCo will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.35%. PepsiCo’s dividend payout ratio is currently 81.50%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Silver Oak Securities Incorporated boosted its stake in PepsiCo by 17.7% during the third quarter. Silver Oak Securities Incorporated now owns 2,583 shares of the company’s stock worth $438,000 after buying an additional 389 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in PepsiCo during the third quarter worth about $3,211,000. Invst LLC boosted its stake in PepsiCo by 8.6% during the third quarter. Invst LLC now owns 1,255 shares of the company’s stock worth $213,000 after buying an additional 99 shares during the period. Savoir Faire Capital Management L.P. purchased a new position in PepsiCo during the third quarter worth about $6,292,000. Finally, Neo Ivy Capital Management purchased a new position in PepsiCo during the third quarter worth about $1,121,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

About PepsiCo

(Get Free Report

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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