PepsiCo, Inc. (NASDAQ:PEP) Given Consensus Recommendation of “Hold” by Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $160.69.

A number of equities analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Citigroup reduced their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC boosted its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the period. Lincoln Capital LLC boosted its stake in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after acquiring an additional 70 shares during the period. Marshall Financial Group LLC grew its position in shares of PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC raised its stake in PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. lifted its holdings in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.3 %

Shares of NASDAQ:PEP opened at $131.99 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of $145.55 and a two-hundred day simple moving average of $151.92. PepsiCo has a 12-month low of $131.52 and a 12-month high of $183.41. The stock has a market capitalization of $180.97 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the firm earned $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.11%. PepsiCo’s payout ratio is currently 79.71%.

About PepsiCo

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.