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PepsiCo (NYSE:PEP) shares hit a new 52-week high on Thursday , ARN reports. The stock traded as high as $93.19 and last traded at $92.36, with a volume of 1,763,774 shares traded. The stock had previously closed at $92.23.

PEP has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of PepsiCo from $98.00 to $104.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Separately, 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, August 11th. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. PepsiCo has an average rating of “Buy” and a consensus target price of $244.56.

The stock has a 50-day moving average of $90.42 and a 200-day moving average of $85.74. The company has a market cap of $138.8 billion and a P/E ratio of 20.81.

PepsiCo (NYSE:PEP) last posted its quarterly earnings results 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. On average, analysts predict that PepsiCo will post $4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 2.84%. The ex-dividend date of this dividend is Wednesday, September 3rd.

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

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