PepsiCo (NASDAQ:PEP) Price Target Lowered to $165.00 at Citigroup

PepsiCo (NASDAQ:PEP) had its price objective trimmed by Citigroup from $168.00 to $165.00 in a research note published on Thursday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on PEP. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Wells Fargo & Company upped their target price on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Finally, Barclays increased their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Down 1.6%

Shares of PEP stock opened at $139.92 on Thursday. PepsiCo has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $144.68 and its two-hundred day simple moving average is $139.79. The company has a market cap of $191.56 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Institutional Trading of PepsiCo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foster Group Inc. lifted its holdings in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after purchasing an additional 620 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $3,633,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

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.