Analysts set PT PepsiCo, Inc. (NASDAQ:PEP) at $185.53

PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $185.53.

A number of analysts have weighed in on the company. Jefferies Financial Group cut their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Bank of America reduced their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a report on Monday, July 8th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Finally, TD Cowen decreased their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd.

Check out our latest analysis on PepsiCo

Hedge funds influence PepsiCo

A number of large investors have recently made changes to their positions in PEP. Flossbach Von Storch AG boosted its holdings in shares of PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares in the last quarter. PineStone Asset Management Inc. grew its stake in PepsiCo by 125.2% in the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after purchasing an additional 1,523,631 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after buying an additional 1,179,922 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of PepsiCo in the first quarter worth about $166,243,000. Finally, Legal & General Group Plc boosted its holdings in PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after buying an additional 905,468 shares during the period. 73.07% of shares are owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $169.40 on Monday. The stock has a market cap of $232.68 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.97 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64, and a current ratio of 0.83. The stock has a 50-day moving average price of $173.78 and a 200-day moving average price of $171.98. PepsiCo has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP – Get Your Free Report ) last announced its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s revenue for the quarter was up 0.8% on a year-over-year basis. In the same quarter last year, the firm posted earnings of $2.09 per share. equities analysts expect that PepsiCo will post 8.14 EPS for the current year.

PepsiCo announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a dividend of $5.42 on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, September 6. PepsiCo’s payout ratio is currently 78.66%.

PepsiCo Company Profile

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PepsiCo, Inc is engaged in the production, marketing, distribution and sale of various beverages and convenience foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin america; Europe; Africa, Middle East and South Asia; and the Asia Pacific region, Australia and New Zealand and China.

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