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Argus increased their price target on shares of PepsiCo (NYSE:PEP) from $98.00 to $104.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Argus’ target price would suggest a potential upside of 13.36% from the company’s current price.

PepsiCo (NYSE:PEP) traded down 0.09% on Thursday, hitting $91.66. The stock had a trading volume of 2,339,272 shares. PepsiCo has a 1-year low of $77.01 and a 1-year high of $93.09. The stock’s 50-day moving average is $89.98 and its 200-day moving average is $85.35. The company has a market cap of $138.1 billion and a price-to-earnings ratio of 20.70.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.31 earnings per share. PepsiCo’s revenue was up .5% compared to the same quarter last year. Analysts expect that PepsiCo will post $4.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, September 3rd.

PEP has been the subject of a number of other recent research reports. Analysts at S&P Equity Research raised their price target on shares of PepsiCo from $4.32 to $2,491.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $244.56.

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

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