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Analysts at S&P Equity Research lifted their price target on shares of PepsiCo (NYSE:PEP) from $4.32 to $2,491.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock.

A number of other firms have also recently commented on PEP. Analysts at Nomura initiated coverage on shares of PepsiCo in a research note on Tuesday, August 5th. They set a “reduce” rating and a $81.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Thursday, July 24th. They now have a $95.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $106.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $253.93.

PepsiCo (NYSE:PEP) traded up 1.62% during mid-day trading on Monday, hitting $91.75. 2,512,910 shares of the company’s stock traded hands. PepsiCo has a 52 week low of $77.01 and a 52 week high of $93.09. The stock has a 50-day moving average of $89.72 and a 200-day moving average of $85.14. The company has a market cap of $138.2 billion and a P/E ratio of 20.37.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.23 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that PepsiCo will post $4.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, September 3rd.

In other PepsiCo news, EVP Thomas Greco sold 28,372 shares of the company’s stock on the open market in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $91.26, for a total transaction of $2,589,228.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.

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