Pepsico, Inc. (NYSE:PEP) has been assigned an average recommendation of “Buy” from the twenty brokerages that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $123.63.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Friday. Cowen and Company reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a research report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $133.00 target price (up previously from $130.00) on shares of Pepsico in a research report on Wednesday, July 12th. Credit Suisse Group lifted their target price on shares of Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Pepsico in a research report on Wednesday, July 12th.

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Shares of Pepsico (NYSE:PEP) traded up 0.1015% during mid-day trading on Monday, reaching $115.0466. The company’s stock had a trading volume of 773,764 shares. Pepsico has a 12 month low of $98.50 and a 12 month high of $118.24. The company has a market cap of $164.00 billion, a P/E ratio of 24.3640 and a beta of 0.68. The company has a 50-day moving average of $116.14 and a 200-day moving average of $110.39.

Pepsico (NYSE:PEP) last announced its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share. Equities research analysts forecast that Pepsico will post $5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.80%. Pepsico’s payout ratio is currently 68.22%.

Several hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Pepsico during the fourth quarter worth $1,492,411,000. Asset Management One Co. Ltd. increased its stake in Pepsico by 692.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,564,260 shares of the company’s stock worth $268,372,000 after buying an additional 2,240,572 shares during the period. Sanders Capital LLC acquired a new stake in Pepsico during the first quarter worth $254,277,000. Fiera Capital Corp increased its position in shares of Pepsico by 217.7% in the fourth quarter. Fiera Capital Corp now owns 2,417,934 shares of the company’s stock valued at $252,989,000 after buying an additional 1,656,939 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after buying an additional 1,593,550 shares during the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

About Pepsico

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).

Analyst Recommendations for Pepsico (NYSE:PEP)

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