PepsiCo Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:PEP)
Shares of PepsiCo (NYSE:PEP) have earned a consensus recommendation of “Buy” from the nineteen analysts that are currently covering the company, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $244.69.
Shares of PepsiCo (NYSE:PEP) traded down 0.52% on Wednesday, hitting $92.12. The stock had a trading volume of 550,201 shares. PepsiCo has a 52-week low of $77.01 and a 52-week high of $93.51. The stock has a 50-day moving average of $90.66 and a 200-day moving average of $86.12. The company has a market cap of $138.8 billion and a price-to-earnings ratio of 20.89. PepsiCo also was the target of some unusual options trading activity on Monday. Traders acquired 4,695 put options on the stock. This is an increase of approximately 125% compared to the typical volume of 2,087 put options.
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. Analysts expect that PepsiCo will post $4.59 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 2.83%. The ex-dividend date is Wednesday, September 3rd.
A number of research firms have recently commented on PEP. Analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Friday, August 22nd. They now have a $97.00 price target on the stock. Separately, 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. Finally, 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.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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