PepsiCo, Inc. (NASDAQ:PEP) Receives Average Recommendation of “Hold” from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Free Report) have received an average rating of “Hold” from the nineteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $157.93.

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th.

View Our Latest Report on PepsiCo

PepsiCo Price Performance

PEP opened at $143.24 on Friday. The stock has a market capitalization of $196.39 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The stock’s 50 day moving average price is $132.23 and its 200-day moving average price is $141.11. PepsiCo has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts predict that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 3.97%. PepsiCo’s dividend payout ratio is 103.64%.

Institutional Investors Weigh In On PepsiCo

Large investors have recently bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $25,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the second quarter valued at approximately $29,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Company Profile

(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.

See Also

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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