Brokerages Set PepsiCo, Inc. (NASDAQ:PEP) PT at $181.07

PepsiCo, Inc. (NASDAQ:PEPGet Rating) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $181.07.

Several research firms have commented on PEP. Royal Bank of Canada increased their target price on PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a research report on Thursday, October 13th. StockNews.com upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. Redburn Partners began coverage on PepsiCo in a research report on Friday, November 4th. They issued a “sell” rating and a $141.00 target price for the company. Credit Suisse Group dropped their target price on PepsiCo from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $188.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, September 30th.

PepsiCo Price Performance

Shares of PEP stock opened at $184.84 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.92 and a debt-to-equity ratio of 1.89. PepsiCo has a twelve month low of $153.37 and a twelve month high of $186.62. The company has a market cap of $254.66 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.54 and a beta of 0.58. The business has a fifty day simple moving average of $175.50 and a 200 day simple moving average of $171.75.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.12. PepsiCo had a return on equity of 51.13% and a net margin of 11.61%. The business had revenue of $21.97 billion during the quarter, compared to the consensus estimate of $20.82 billion. During the same period in the prior year, the company earned $1.79 EPS. PepsiCo’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo will post 6.76 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.49%. PepsiCo’s dividend payout ratio (DPR) is presently 65.81%.

Insider Activity

In other news, SVP Marie T. Gallagher sold 5,558 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $180.01, for a total value of $1,000,495.58. Following the transaction, the senior vice president now owns 41,195 shares in the company, valued at $7,415,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Marie T. Gallagher sold 5,558 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $180.01, for a total value of $1,000,495.58. Following the transaction, the senior vice president now owns 41,195 shares in the company, valued at $7,415,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Hugh F. Johnston sold 23,394 shares of PepsiCo stock in a transaction on Monday, October 24th. The stock was sold at an average price of $175.74, for a total value of $4,111,261.56. Following the sale, the chief financial officer now owns 128,332 shares in the company, valued at $22,553,065.68. The disclosure for this sale can be found here. Insiders have sold 37,639 shares of company stock worth $6,633,617 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of PepsiCo

Hedge funds have recently bought and sold shares of the business. Cordant Inc. bought a new stake in shares of PepsiCo in the first quarter valued at $27,000. Paragon Wealth Strategies LLC bought a new stake in shares of PepsiCo in the third quarter valued at $27,000. Heritage Wealth Management LLC purchased a new position in shares of PepsiCo in the second quarter valued at $33,000. HBC Financial Services PLLC purchased a new position in shares of PepsiCo in the second quarter valued at $41,000. Finally, Moisand Fitzgerald Tamayo LLC grew its position in shares of PepsiCo by 157.1% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company’s stock valued at $44,000 after purchasing an additional 165 shares in the last quarter. 71.38% of the stock is currently owned by institutional investors.

About PepsiCo

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient 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 Asia Pacific, Australia and New Zealand and China Region.

Further Reading

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.