Other analysts have also issued research reports about the stock. Deutsche Bank AG lifted their price objective on shares of PepsiCo from $115.00 to $120.00 and gave the company a buy rating in a research note on Friday, July 8th. Jefferies Group restated a buy rating and issued a $124.00 price target (up previously from $119.00) on shares of PepsiCo in a research note on Wednesday, July 6th. Argus lifted their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a buy rating in a research note on Wednesday, July 13th. Zacks Investment Research upgraded shares of PepsiCo from a hold rating to a buy rating and set a $116.00 price target for the company in a research note on Tuesday, June 21st. Finally, Vetr upgraded shares of PepsiCo from a hold rating to a buy rating and set a $112.11 price target for the company in a research note on Wednesday, September 7th. One 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. The stock has an average rating of Buy and an average price target of $112.25.
PepsiCo (NYSE:PEP) opened at 106.01 on Friday. The stock has a market cap of $152.04 billion, a P/E ratio of 23.26 and a beta of 0.46. PepsiCo has a 12 month low of $93.25 and a 12 month high of $110.94. The firm’s 50-day moving average is $107.08 and its 200-day moving average is $105.28.
PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 57.14%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. On average, equities analysts forecast that PepsiCo will post $4.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, August 31st. PepsiCo’s dividend payout ratio is currently 66.01%.
In other PepsiCo news, CEO Albert P. Carey sold 170,003 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $108.81, for a total value of $18,498,026.43. Following the sale, the chief executive officer now directly owns 306,138 shares in the company, valued at $33,310,875.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laxman Narasimhan sold 3,219 shares of the business’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the completion of the sale, the chief executive officer now owns 97,057 shares in the company, valued at $10,589,889.27. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
A number of large investors have recently modified their holdings of PEP. Culbertson A N & Co. Inc. acquired a new stake in shares of PepsiCo during the first quarter valued at approximately $7,123,000. Gierl Augustine Investment Management Inc boosted its stake in shares of PepsiCo by 41.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 27,396 shares of the company’s stock valued at $2,807,000 after buying an additional 8,002 shares during the period. Donald L. Hagan LLC boosted its stake in shares of PepsiCo by 1.3% in the first quarter. Donald L. Hagan LLC now owns 12,138 shares of the company’s stock valued at $1,244,000 after buying an additional 157 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of PepsiCo by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 3,013 shares of the company’s stock valued at $319,000 after buying an additional 276 shares during the period. Finally, TNB Financial boosted its stake in shares of PepsiCo by 10.9% in the first quarter. TNB Financial now owns 24,799 shares of the company’s stock valued at $2,541,000 after buying an additional 2,435 shares during the period. Hedge funds and other institutional investors own 69.81% of the company’s stock.
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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