PepsiCo Hits New 52-Week High at $88.72 (PEP)
PepsiCo (NYSE:PEP)’s share price reached a new 52-week high on Tuesday , Analyst Ratings.Net reports. The company traded as high as $88.72 and last traded at $88.38, with a volume of 1,702,771 shares. The stock had previously closed at $88.00.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of PepsiCo in a research note on Monday. They set a “buy” rating and a $102.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Tuesday, May 20th. They now have a $90.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $92.80.
The stock has a 50-day moving average of $86.51 and a 200-day moving average of $83.11. The company has a market cap of $134.1 billion and a P/E ratio of 19.88.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $12.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, June 4th. This is a boost from PepsiCo’s previous quarterly dividend of $0.57.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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