PepsiCo Reaches New 52-Week High at $90.24 (PEP)
Shares of PepsiCo (NYSE:PEP) hit a new 52-week high during mid-day trading on Friday , AnalystRatings.Net reports. The company traded as high as $90.24 and last traded at $89.31, with a volume of 2,933,752 shares traded. The stock had previously closed at $90.10.
A number of research firms have recently commented on PEP. Analysts at Jefferies Group initiated coverage on shares of PepsiCo in a research note on Monday, June 9th. 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.80.
The stock has a 50-day moving average of $87.05 and a 200-day moving average of $83.32. The company has a market cap of $135.1 billion and a price-to-earnings ratio of 20.35.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that PepsiCo will post $4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from PepsiCo’s previous quarterly dividend of $0.57.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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