Deutsche Bank Begins Coverage on Pepsico (PEP)

Research analysts at Deutsche Bank initiated coverage on shares of Pepsico (NYSE:PEP) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other brokerages have also commented on PEP. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Monday, December 4th. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Susquehanna Bancshares restated a “buy” rating and issued a $135.00 price target on shares of Pepsico in a report on Monday, October 2nd. Credit Suisse Group restated a “hold” rating and issued a $122.00 price target (down from $124.00) on shares of Pepsico in a report on Thursday, October 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Pepsico presently has an average rating of “Buy” and a consensus target price of $121.96.

Pepsico (NYSE:PEP) traded up $0.40 during mid-day trading on Wednesday, reaching $117.80. The company’s stock had a trading volume of 3,193,861 shares, compared to its average volume of 3,658,180. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $167,530.00, a price-to-earnings ratio of 22.93, a PEG ratio of 3.19 and a beta of 0.68. Pepsico has a 52-week low of $101.06 and a 52-week high of $119.39.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for 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 company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. sell-side analysts expect that Pepsico will post 5.22 earnings per share for the current year.

In related news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Barnett & Company Inc. increased its position in Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after buying an additional 657 shares during the last quarter. Aviance Capital Management LLC acquired a new position in Pepsico during the second quarter worth approximately $111,000. Legacy Advisors LLC acquired a new position in Pepsico during the third quarter worth approximately $115,000. Asset Planning Services Ltd. increased its position in Pepsico by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after buying an additional 3 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Pepsico by 5.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock worth $138,000 after buying an additional 67 shares during the last quarter. 70.50% of the stock is currently owned by institutional investors and hedge funds.

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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).