PepsiCo, Inc. (NASDAQ:PEP) Receives $181.07 Consensus PT from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $181.07.

A number of research firms have commented on PEP. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $179.00 to $181.00 and gave the company a “hold” rating in a research note on Tuesday, September 27th. Credit Suisse Group reduced their price objective on shares of PepsiCo from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, October 3rd. Wells Fargo & Company increased their price objective on shares of PepsiCo from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 13th. Royal Bank of Canada increased their price objective on shares of PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a research note on Thursday, October 13th. Finally, StockNews.com upgraded shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th.

PepsiCo Price Performance

PEP opened at $185.08 on Friday. The company has a fifty day simple moving average of $176.24 and a 200 day simple moving average of $172.01. The firm has a market cap of $254.99 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.62 and a beta of 0.58. PepsiCo has a twelve month low of $153.37 and a twelve month high of $186.62. The company has a current ratio of 0.92, a quick ratio of 0.72 and a debt-to-equity ratio of 1.89.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Wednesday, October 12th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.12. The business had revenue of $21.97 billion during the quarter, compared to analyst estimates of $20.82 billion. PepsiCo had a net margin of 11.61% and a return on equity of 51.13%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS. Equities research analysts expect that PepsiCo will post 6.76 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $4.60 annualized dividend and a yield of 2.49%. PepsiCo’s dividend payout ratio is presently 65.81%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, SVP Marie T. Gallagher sold 5,558 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $180.01, for a total transaction of $1,000,495.58. Following the transaction, the senior vice president now owns 41,195 shares of the company’s stock, valued at approximately $7,415,511.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other PepsiCo news, SVP Marie T. Gallagher sold 5,558 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $180.01, for a total transaction of $1,000,495.58. Following the transaction, the senior vice president now owns 41,195 shares of the company’s stock, valued at approximately $7,415,511.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ramon Laguarta sold 5,900 shares of PepsiCo stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $173.09, for a total transaction of $1,021,231.00. Following the completion of the transaction, the chief executive officer now directly owns 310,757 shares in the company, valued at approximately $53,788,929.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,639 shares of company stock valued at $6,633,617. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On PepsiCo

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of PepsiCo by 56.6% in the first quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock worth $2,479,022,000 after acquiring an additional 5,352,721 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.6% during the first quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock worth $20,854,304,000 after purchasing an additional 1,991,968 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of PepsiCo by 423.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,791,643 shares of the company’s stock worth $292,504,000 after purchasing an additional 1,449,232 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock worth $2,555,040,000 after purchasing an additional 1,427,405 shares during the period. Finally, Bridgewater Associates LP boosted its holdings in shares of PepsiCo by 36.7% during the first quarter. Bridgewater Associates LP now owns 4,171,268 shares of the company’s stock worth $698,187,000 after purchasing an additional 1,119,392 shares during the period. Institutional investors and hedge funds own 71.38% of the company’s stock.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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