PepsiCo (NASDAQ:PEP) had its price target boosted by Morgan Stanley from $137.00 to $143.00 in a research report report published on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the stock.
A number of other analysts also recently commented on PEP. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the stock a buy rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday. Argus reiterated a buy rating on shares of PepsiCo in a research report on Thursday, April 18th. Cowen boosted their price target on PepsiCo from $142.00 to $150.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Macquarie boosted their price target on PepsiCo from $126.00 to $138.00 and gave the stock an outperform rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. PepsiCo has an average rating of Hold and a consensus target price of $128.53.
PEP opened at $133.28 on Wednesday. The business’s fifty day moving average price is $131.86. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.75 and a current ratio of 0.86. The stock has a market capitalization of $187.84 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 3.49 and a beta of 0.60. PepsiCo has a one year low of $104.53 and a one year high of $135.24.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.
In related news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the transaction, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,914 shares of company stock valued at $6,497,864. Insiders own 0.28% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. increased its stake in PepsiCo by 4.2% in the third quarter. HC Financial Advisors Inc. now owns 8,967 shares of the company’s stock valued at $1,003,000 after purchasing an additional 363 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in PepsiCo by 1.3% in the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after purchasing an additional 296 shares during the last quarter. Lau Associates LLC increased its stake in PepsiCo by 7.6% in the fourth quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock valued at $6,348,000 after purchasing an additional 4,035 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its stake in PepsiCo by 0.8% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock valued at $3,227,000 after purchasing an additional 207 shares during the last quarter. Finally, Meritage Portfolio Management increased its stake in PepsiCo by 4.3% in the fourth quarter. Meritage Portfolio Management now owns 5,149 shares of the company’s stock valued at $569,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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