PepsiCo Inc. (NYSE:PEP)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a report issued on Friday.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price for the company. in a research report on Wednesday, June 29th. Bank of America Corp. reaffirmed a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research report on Friday. Argus raised their target price on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 13th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of PepsiCo in a research report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. PepsiCo has a consensus rating of “Buy” and a consensus target price of $111.30.
PepsiCo (NYSE:PEP) traded up 1.20% on Friday, reaching $109.05. The company had a trading volume of 3,981,514 shares. The stock’s 50-day moving average price is $107.19 and its 200-day moving average price is $105.06. The stock has a market capitalization of $156.94 billion, a P/E ratio of 30.81 and a beta of 0.48. PepsiCo has a 12-month low of $92.53 and a 12-month high of $110.94.
PepsiCo (NYSE:PEP) last released its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. The business earned $16 billion during the quarter. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that PepsiCo will post $4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $0.7525 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.79%. PepsiCo’s dividend payout ratio is 84.79%.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total value of $5,487,000.10. Following the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Albert P. Carey sold 170,003 shares of PepsiCo stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total value of $18,498,026.43. Following the completion of the transaction, the chief executive officer now directly owns 306,138 shares in the company, valued at $33,310,875.78. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. D. Scott Neal Inc. boosted its position in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the period. Delphi Private Advisors LLC boosted its position in shares of PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock worth $106,000 after buying an additional 13 shares during the period. Piershale Financial Group Inc. boosted its position in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the period. Global X Management Co. LLC boosted its position in shares of PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock worth $117,000 after buying an additional 528 shares during the period. Finally, Stelac Advisory Services LLC boosted its position in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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