PepsiCo (NYSE: PEP) recently received a number of ratings updates from brokerages and research firms:

  • 7/14/2017 – PepsiCo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $129.00 price target on the stock. According to Zacks, “PepsiCo reported second-quarter 2017 results with both earnings and revenues beating the Zacks Consensus Estimate by 7.9% and 0.4%, respectively. On a year-over-year basis, core earnings and revenues grew 10% and 2%, respectively, defying the difficult global macro industry slowdown. The upside was primarily driven by higher pricing, partly offsetting the weak demand. Revenues increased 3.1% on an organic basis, primarily driven by higher demand in Latin America and Europe Sub-Saharan Africa. Notably, organic sales growth was higher than the 2.1% rise recorded in the previous quarter. The company also maintained its 2017 core EPS growth rate of 8% on 3% top-line growth, partly offset by 2% FX headwind for both EPS and revenues, echoing the ongoing macro challenges outside the U.S. Despite challenges, Pepsi has been doing well on the back of major innovation, ongoing revenue management strategies, improved productivity and better market execution.”
  • 7/13/2017 – PepsiCo had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $128.00 price target on the stock.
  • 7/12/2017 – PepsiCo had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 7/12/2017 – PepsiCo had its price target raised by analysts at Credit Suisse Group from $124.00 to $126.00. They now have an “outperform” rating on the stock.
  • 7/12/2017 – PepsiCo had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $133.00 price target on the stock, up previously from $130.00.
  • 7/6/2017 – PepsiCo had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $133.00 price target on the stock, down previously from $134.00.
  • 7/6/2017 – PepsiCo had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $130.00 price target on the stock, up previously from $127.00.
  • 7/1/2017 – PepsiCo was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/30/2017 – PepsiCo had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $115.00 price target on the stock.
  • 6/7/2017 – PepsiCo was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $120.00 price target on the stock, up previously from $118.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/31/2017 – PepsiCo had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 5/25/2017 – PepsiCo had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $115.00 price target on the stock.
  • 5/19/2017 – PepsiCo had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $127.00 price target on the stock.

Shares of PepsiCo, Inc. (PEP) opened at 114.93 on Tuesday. The firm has a market capitalization of $163.83 billion, a price-to-earnings ratio of 24.34 and a beta of 0.68. The company’s 50-day moving average price is $116.14 and its 200 day moving average price is $110.39. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $118.24.

PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. PepsiCo had a return on equity of 75.35% and a net margin of 13.48%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post $5.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 30th. PepsiCo’s dividend payout ratio is presently 68.22%.

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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