Pepsico, Inc. (PEP) Stock Rating Reaffirmed by Royal Bank Of Canada
Pepsico, Inc. (NYSE:PEP)‘s stock had its “hold” rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They presently have a $115.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 0.03% from the stock’s current price.
A number of other research firms also recently weighed in on PEP. BMO Capital Markets reiterated a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Credit Suisse Group lifted their price target on Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $123.32.
Shares of Pepsico (PEP) traded down 1.67% on Wednesday, hitting $115.04. 4,818,344 shares of the stock traded hands. The stock has a 50-day moving average price of $116.69 and a 200 day moving average price of $114.37. Pepsico has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a market cap of $163.99 billion, a price-to-earnings ratio of 24.32 and a beta of 0.68.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Zacks’ 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 company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same quarter last year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Pepsico will post $5.15 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/10/pepsico-inc-pep-stock-rating-reaffirmed-by-royal-bank-of-canada.html.
In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the sale, the executive vice president now directly owns 174,273 shares in the company, valued at $20,283,634.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Indra K. Nooyi sold 340,449 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following the completion of the sale, the chief executive officer now owns 733,315 shares in the company, valued at $85,372,532.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in PEP. Leith Wheeler Investment Counsel Ltd. bought a new position in Pepsico in the 1st quarter worth about $157,000. National Pension Service boosted its holdings in shares of Pepsico by 2.0% in the 1st quarter. National Pension Service now owns 945,000 shares of the company’s stock worth $106,010,000 after purchasing an additional 18,835 shares in the last quarter. Univest Corp of Pennsylvania boosted its holdings in shares of Pepsico by 0.7% in the 1st quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock worth $263,000 after purchasing an additional 17 shares in the last quarter. Wright Investors Service Inc. boosted its holdings in shares of Pepsico by 69.2% in the 2nd quarter. Wright Investors Service Inc. now owns 22,280 shares of the company’s stock worth $2,573,000 after purchasing an additional 9,110 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of Pepsico by 6.6% in the 1st quarter. Confluence Investment Management LLC now owns 1,044,002 shares of the company’s stock worth $116,782,000 after purchasing an additional 64,837 shares in the last quarter. Institutional investors own 70.16% of the company’s stock.
Pepsico Company Profile
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.