PepsiCo, Inc. (PEP) Given Average Rating of “Buy” by Brokerages
Shares of PepsiCo, Inc. (NYSE:PEP) have been assigned an average rating of “Buy” from the nineteen analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $120.89.
PEP has been the subject of several recent research reports. Credit Suisse Group AG lifted their target price on shares of PepsiCo from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, March 23rd. BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of PepsiCo in a report on Wednesday, March 22nd. Jefferies Group LLC lifted their target price on shares of PepsiCo from $118.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a report on Wednesday, April 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $115.00 target price on shares of PepsiCo in a report on Thursday, March 23rd.
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Shares of PepsiCo (NYSE:PEP) traded up 0.37% during mid-day trading on Friday, reaching $117.97. The company’s stock had a trading volume of 1,515,061 shares. The company has a 50-day moving average of $113.40 and a 200-day moving average of $107.89. PepsiCo has a 12 month low of $98.50 and a 12 month high of $118.00. The company has a market cap of $168.52 billion, a P/E ratio of 25.42 and a beta of 0.53.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $11.98 billion. During the same period last year, the business posted $0.89 earnings per share. PepsiCo’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that PepsiCo will post $5.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from PepsiCo’s previous quarterly dividend of $0.75. PepsiCo’s payout ratio is 66.01%.
In other PepsiCo news, COO Vivek Sankaran sold 2,000 shares of PepsiCo stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $110.22, for a total value of $220,440.00. Following the completion of the sale, the chief operating officer now owns 73,595 shares of the company’s stock, valued at approximately $8,111,640.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Laxman Narasimhan sold 4,258 shares of PepsiCo stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $109.50, for a total transaction of $466,251.00. Following the completion of the sale, the chief executive officer now directly owns 112,519 shares of the company’s stock, valued at approximately $12,320,830.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,343 shares of company stock valued at $4,850,480. 0.33% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of PepsiCo during the third quarter valued at $101,000. Almanack Investment Partners LLC. acquired a new position in shares of PepsiCo during the first quarter valued at $109,000. Asset Planning Services Ltd. boosted its position in shares of PepsiCo by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $125,000. Finally, Edmond DE Rothschild Monaco acquired a new position in shares of PepsiCo during the third quarter valued at $131,000. 70.43% of the stock is owned by institutional investors and hedge funds.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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