PepsiCo’s (PEP) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of PepsiCo (NASDAQ:PEP) in a research report report published on Tuesday morning,Weiss Ratings reports.

A number of other analysts have also commented on PEP. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. HSBC raised their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Jefferies Financial Group raised their price objective on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Piper Sandler raised their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada decreased their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $151.54 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The company’s 50 day moving average price is $144.96 and its two-hundred day moving average price is $139.27. PepsiCo has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts expect that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is presently 108.17%.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors have recently modified their holdings of the business. Key Client Fiduciary Advisors LLC lifted its position in PepsiCo by 22.7% during the third quarter. Key Client Fiduciary Advisors LLC now owns 2,631 shares of the company’s stock worth $369,000 after purchasing an additional 486 shares during the period. Revolve Wealth Partners LLC lifted its position in PepsiCo by 38.4% during the third quarter. Revolve Wealth Partners LLC now owns 2,471 shares of the company’s stock worth $347,000 after purchasing an additional 685 shares during the period. Monument Capital Management bought a new stake in PepsiCo during the third quarter worth about $593,000. Great Waters Wealth Management bought a new stake in PepsiCo during the third quarter worth about $398,000. Finally, True North Advisors LLC lifted its position in PepsiCo by 45.6% during the third quarter. True North Advisors LLC now owns 6,716 shares of the company’s stock worth $943,000 after purchasing an additional 2,102 shares during the period. 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.