Pepsico, Inc. (PEP) Earns Hold Rating from Stifel Nicolaus
Pepsico, Inc. (NYSE:PEP)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a report released on Friday. They presently have a $116.00 price objective on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 3.00% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $122.00 price objective (down previously from $125.00) on shares of Pepsico in a research report on Friday, October 6th. Credit Suisse Group restated a “hold” rating and set a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Susquehanna Bancshares Inc restated a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research report on Monday, October 2nd. Finally, Jefferies Group LLC lowered Pepsico from a “buy” rating to a “hold” rating and cut their price objective for the company from $133.00 to $108.00 in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.35.
Shares of Pepsico (PEP) traded up 0.15% during midday trading on Friday, reaching $112.62. The company’s stock had a trading volume of 3,090,451 shares. Pepsico has a 12 month low of $98.50 and a 12 month high of $119.39. The company has a market cap of $160.16 billion, a PE ratio of 23.27 and a beta of 0.68. The company’s 50-day moving average price is $113.25 and its 200-day moving average price is $114.71.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. On average, equities analysts anticipate that Pepsico will post $5.23 EPS for the current fiscal year.
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In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was 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 directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. In the last three months, insiders sold 919,613 shares of company stock valued at $106,956,258. 0.26% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PEP. Vicus Capital lifted its stake in Pepsico by 60.7% in the first quarter. Vicus Capital now owns 13,862 shares of the company’s stock worth $1,551,000 after purchasing an additional 5,237 shares during the last quarter. Somerset Trust Co lifted its stake in Pepsico by 1.9% in the first quarter. Somerset Trust Co now owns 12,438 shares of the company’s stock worth $1,391,000 after purchasing an additional 228 shares during the last quarter. DnB Asset Management AS lifted its stake in Pepsico by 20.2% in the first quarter. DnB Asset Management AS now owns 204,312 shares of the company’s stock worth $22,854,000 after purchasing an additional 34,400 shares during the last quarter. Bank of The West lifted its stake in Pepsico by 4.3% in the first quarter. Bank of The West now owns 46,202 shares of the company’s stock worth $5,168,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Benin Management CORP lifted its stake in Pepsico by 3.0% in the first quarter. Benin Management CORP now owns 113,982 shares of the company’s stock worth $12,750,000 after purchasing an additional 3,372 shares during the last quarter. 70.17% 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).
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