BidaskClub Lowers PepsiCo (NASDAQ:PEP) to Sell

BidaskClub cut shares of PepsiCo (NASDAQ:PEP) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $130.00 to $135.00 and gave the company a hold rating in a report on Thursday, July 9th. SunTrust Banks lifted their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the company a hold rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. PepsiCo currently has a consensus rating of Buy and an average target price of $142.69.

PEP opened at $131.47 on Friday. PepsiCo has a fifty-two week low of $101.42 and a fifty-two week high of $147.20. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.79 and a current ratio of 0.97. The company has a fifty day moving average of $137.42 and a two-hundred day moving average of $132.43. The stock has a market capitalization of $182.04 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 4.53 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, July 13th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo will post 5.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.0225 per share. The ex-dividend date is Thursday, September 3rd. This represents a $4.09 annualized dividend and a yield of 3.11%. PepsiCo’s dividend payout ratio is presently 73.96%.

In other PepsiCo news, CEO Steven C. Williams sold 2,600 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $134.32, for a total value of $349,232.00. Following the transaction, the chief executive officer now directly owns 67,718 shares in the company, valued at approximately $9,095,881.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald Schellekens sold 7,611 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $135.35, for a total transaction of $1,030,148.85. Following the completion of the transaction, the executive vice president now owns 36,639 shares in the company, valued at $4,959,088.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,655 shares of company stock valued at $3,591,883. 0.13% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of PepsiCo in the 2nd quarter worth approximately $26,000. Evolution Wealth Advisors LLC increased its stake in PepsiCo by 342.2% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 219 shares during the period. RPG Investment Advisory LLC increased its stake in PepsiCo by 191.0% during the 2nd quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock worth $38,000 after buying an additional 191 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $40,000. Finally, Ellevest Inc. increased its position in shares of PepsiCo by 144.7% in the 2nd quarter. Ellevest Inc. now owns 367 shares of the company’s stock valued at $49,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

About PepsiCo

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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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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