PepsiCo Receives Average Recommendation of “Buy” from Analysts (NYSE:PEP)
Shares of PepsiCo (NYSE:PEP) have been given a consensus recommendation of “Buy” by the nineteen analysts that are presently covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $244.69.
PEP has been the subject of a number of recent research reports. 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 (NYSE:PEP) opened at 92.49 on Wednesday. PepsiCo has a 52-week low of $77.01 and a 52-week high of $93.51. The stock’s 50-day moving average is $90.89 and its 200-day moving average is $86.34. The company has a market cap of $139.4 billion and a price-to-earnings ratio of 20.89.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter 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 given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.83%. 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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