Pepsico, Inc. (PEP) Receives Average Rating of “Buy” from Brokerages
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.
COPYRIGHT VIOLATION NOTICE: “Pepsico, Inc. (PEP) Receives Average Rating of “Buy” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/17/pepsico-inc-pep-receives-average-rating-of-buy-from-brokerages.html.
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.
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).
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with MarketBeat.com's FREE daily email newsletter.