PepsiCo (NASDAQ:PEP) Price Target Raised to $144.00 at Barclays

PepsiCo (NASDAQ:PEP) had its price objective raised by Barclays from $142.00 to $144.00 in a report published on Wednesday morning,MarketScreener reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently weighed in on PEP. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. BNP Paribas Exane cut their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. UBS Group reaffirmed a “buy” rating and set a $172.00 target price on shares of PepsiCo in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $158.35.

PepsiCo Trading Up 3.5%

Shares of NASDAQ:PEP opened at $149.70 on Wednesday. The business has a 50-day moving average price of $146.99 and a 200-day moving average price of $142.02. The stock has a market cap of $204.69 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 4.95 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo has a 52-week low of $127.60 and a 52-week high of $160.51.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company posted $2.31 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio is 108.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Three Bridge Wealth Advisors LLC increased its position in PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after purchasing an additional 68 shares in the last quarter. JSF Financial LLC raised its holdings in PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares during the period. Facet Wealth Inc. increased its holdings in PepsiCo by 3.2% in the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after purchasing an additional 69 shares in the last quarter. Hudock Inc. grew its position in PepsiCo by 1.0% in the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after acquiring an additional 70 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its position in PepsiCo by 0.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

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.