Several analysts have recently updated their ratings and price targets for Pepsico (NYSE: PEP):

  • 10/3/2017 – Pepsico was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $122.00 price target on the stock. According to Zacks, “PepsiCo has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America. Again, PepsiCo shares underperformed the industry to which it belongs year to date.”
  • 10/2/2017 – Pepsico was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $108.00 price target on the stock, down previously from $133.00. They wrote, “greater innovation,” Grundy commented in his downgrade note. In fact, PepsiCo is losing market share in approximately 85 percent of its beverage portfolio which also compromises a “key tenet” in holding a bullish stance.Meanwhile, PepsiCo’s once-strong food division also faces pressure from grocery store weakness trends, Amazon.com, Inc. (NASDAQ: AMZN)’s growing presence in the food sector, along with “less M&A froth” to support the valuation.On top of that, a bullish stance on PepsiCo’s stock was derived from management’s productivity savings initiative through 2019 that would drive upside to Wall Street’s estimates, the analyst added. But input cost inflation has returned which implies there is “less scope” for operating margin upside — especially at a time when the company needs to reinvest money in the North American market where it has a higher degree of exposure versus its peers.Bottom line, while PepsiCo boasts a great portfolio of brands the fact is the industry has slowed down as of late and will remain extremely competitive moving forward. As such, a “less constructive”
  • 10/2/2017 – Pepsico had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $135.00 price target on the stock.
  • 9/17/2017 – Pepsico had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 9/14/2017 – Pepsico is now covered by analysts at Macquarie. They set an “outperform” rating and a $125.00 price target on the stock.
  • 9/8/2017 – Pepsico was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating. They now have a $124.00 price target on the stock, down previously from $126.00. They wrote, “total beverage company” portfolio with product lines ranging from carbonated drinks to juices and Gatorade, Grandet commented in the downgrade note. While this did help to boost PepsiCo’s stock higher of the year, including an 11 percent gain over the past year, the stock’s risk to reward profile is now balanced.PepsiCo’s total U.S. beverage retail sales trends “deteriorated significantly” since the start of 2017. While many investors assume that this could be attributed towards a trend in healthier consumer habits at the expense of carbonated drinks, the fact is the company’s non-carbonated beverage portfolio is in decline. In fact, the NBC’s weakness is no longer able to compensate for the greater weakness in the carbonated category.On top of that, PepsiCo’s snack and food division was historically called on to compensate for weakness in the beverage business, the analyst continued. However, it is now a “stretch” to assume that Frito-Lay and other snack categories will “over-earn for an extended period of time.”
  • 9/6/2017 – Pepsico had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $120.00 price target on the stock.
  • 9/6/2017 – Pepsico had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $115.00 price target on the stock.
  • 9/5/2017 – Pepsico was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “PepsiCo’s shares outperformed the industry to which it belongs in the past year. The company has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America.”
  • 9/4/2017 – Pepsico was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PepsiCo’s shares outperformed the industry to which it belongs in the past one year. The company has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America.”
  • 8/29/2017 – 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’s shares outperformed the industry to which it belongs in the past 12 months. The company has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America. Again, rising volatility in global markets and increasing currency headwinds may dampen growth.”
  • 8/28/2017 – Pepsico was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PepsiCo’s shares outperformed the industry to which it belongs in the past 12 months. The company has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America. Again, rising volatility in global markets and increasing currency headwinds may dampen growth.”
  • 8/25/2017 – Pepsico was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/22/2017 – Pepsico was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “PepsiCo’s shares outperformed the industry to which it belongs in the past 12 months. The company has been doing well on the back of significant innovation, continued momentum in Frito-Lay business, revenue management strategies, improved productivity and cost-saving initiatives, along with better market execution. Moreover, it has been seeing higher volumes and profits in the North American segments due to an improving economy, better industry pricing dynamics and a consistency in positive innovation. It rolled out several products recently which management believes will drive sales and profits in 2017. That said, growing health awareness has been hurting the CSD category, resulting in a 3% volume decline in the first half of 2017 in North America. Again, rising volatility in global markets and increasing currency headwinds may dampen growth.”
  • 8/17/2017 – Pepsico was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Pepsico, Inc. (NYSE PEP) traded up 0.01% on Tuesday, reaching $109.13. The company had a trading volume of 6,063,997 shares. The stock has a market capitalization of $155.57 billion, a P/E ratio of 23.11 and a beta of 0.68. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The stock’s 50 day moving average is $115.11 and its 200-day moving average is $114.82. Pepsico also was the target of unusually large options trading activity on Monday. Stock investors acquired 5,616 put options on the company. This represents an increase of approximately 248% compared to the typical volume of 1,616 put options.

Pepsico (NYSE:PEP) last posted its 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 return on equity of 59.74% and a net margin of 10.77%. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the firm earned $1.35 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were issued a $0.805 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.95%. Pepsico’s payout ratio is 68.22%.

In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares in the company, valued at $8,878,840.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders sold a total of 898,164 shares of company stock valued at $104,585,929 in the last ninety days. 0.26% of the stock is currently owned by insiders.

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.