Pepsico, Inc. (NYSE:PEP) has been given an average recommendation of “Buy” by the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $121.84.

Several analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Pepsico in a report on Wednesday. They issued a “buy” rating and a $132.00 price objective for the company. Zacks Investment Research upgraded shares of Pepsico from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $120.00 target price on shares of Pepsico in a report on Wednesday, September 6th. Credit Suisse Group reiterated a “hold” rating and set a $122.00 target price (down from $124.00) on shares of Pepsico in a report on Thursday, October 5th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Pepsico in a report on Sunday, November 12th.

In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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. Barnett & Company Inc. raised its holdings in Pepsico by 270.4% in the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after acquiring an additional 657 shares during the last quarter. Aviance Capital Management LLC purchased a new position in Pepsico in the 2nd quarter worth approximately $111,000. Legacy Advisors LLC purchased a new position in Pepsico in the 3rd quarter worth approximately $115,000. Asset Planning Services Ltd. grew its position in Pepsico by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Pepsico by 5.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock worth $138,000 after purchasing an additional 67 shares during the period. Institutional investors own 70.50% of the company’s stock.

Shares of Pepsico (PEP) traded up $0.40 on Thursday, reaching $117.80. 3,193,800 shares of the company’s stock traded hands, compared to its average volume of 3,658,890. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. Pepsico has a twelve month low of $101.06 and a twelve month high of $119.39. The stock has a market capitalization of $166,959.58, a price-to-earnings ratio of 22.93, a PEG ratio of 3.19 and a beta of 0.68.

Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the business posted $1.40 earnings per share. Pepsico’s quarterly revenue was up 1.3% compared to the same quarter last year. analysts anticipate that Pepsico will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.73%. Pepsico’s payout ratio is 66.53%.

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About Pepsico

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).

Analyst Recommendations for Pepsico (NYSE:PEP)

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