Pepsico, Inc. (PEP) Upgraded to “Buy” by BidaskClub
Pepsico, Inc. (NYSE:PEP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Other research analysts have also issued research reports about the stock. Jefferies Group LLC restated a “buy” rating and issued a $130.00 price target (up previously from $127.00) on shares of Pepsico in a report on Thursday, July 6th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a report on Wednesday, April 26th. Credit Suisse Group restated a “buy” rating on shares of Pepsico in a report on Thursday, April 27th. BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, April 27th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $134.00 price target (up previously from $132.00) on shares of Pepsico in a report on Monday, May 1st. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.40.
Pepsico (NYSE:PEP) traded down 0.67% during trading on Thursday, reaching $117.60. 3,776,515 shares of the company were exchanged. The firm has a market capitalization of $167.64 billion, a PE ratio of 24.90 and a beta of 0.67. Pepsico has a 12 month low of $98.50 and a 12 month high of $119.39. The stock has a 50 day moving average price of $116.16 and a 200 day moving average price of $113.32.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Pepsico will post $5.16 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/20/pepsico-inc-pep-upgraded-to-buy-by-bidaskclub.html.
In related news, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Indra K. Nooyi sold 340,449 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the sale, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 898,164 shares of company stock valued at $104,585,929. Corporate insiders own 0.26% of the company’s stock.
A number of large investors have recently bought and sold shares of PEP. Norges Bank bought a new stake in Pepsico during the fourth quarter valued at $1,492,411,000. Vanguard Group Inc. increased its stake in Pepsico by 2.4% in the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after buying an additional 2,635,738 shares during the last quarter. Janus Henderson Group PLC increased its stake in Pepsico by 910.5% in the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock valued at $335,840,000 after buying an additional 2,620,149 shares during the last quarter. Sanders Capital LLC bought a new stake in Pepsico during the first quarter valued at $254,277,000. Finally, Harbour Capital Advisors LLC increased its stake in Pepsico by 11,316.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after buying an additional 2,164,557 shares during the last quarter. 70.19% 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).
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.