Shares of Pepsico, Inc. (NYSE:PEP) have been given an average recommendation of “Buy” by the twenty analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $121.27.
PEP has been the subject of a number of research reports. Credit Suisse Group increased their target price on shares of Pepsico from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of Pepsico in a research report on Wednesday, March 22nd. Jefferies Group LLC increased their target price on shares of Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada set a $115.00 target price on shares of Pepsico and gave the stock a “hold” rating in a research report on Monday, April 24th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in shares of Pepsico during the first quarter valued at about $109,000. Asset Planning Services Ltd. boosted its position in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Pepsico during the fourth quarter valued at about $125,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in shares of Pepsico by 8.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 1,282 shares of the company’s stock valued at $143,000 after buying an additional 95 shares in the last quarter. 71.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pepsico (PEP) traded up 0.70% during mid-day trading on Tuesday, hitting $116.96. 3,453,406 shares of the company traded hands. The stock has a market capitalization of $167.08 billion, a price-to-earnings ratio of 25.20 and a beta of 0.68. Pepsico has a one year low of $98.50 and a one year high of $118.14. The firm has a 50-day moving average of $115.40 and a 200-day moving average of $109.78.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $11.98 billion. Pepsico had a net margin of 10.66% and a return on equity of 58.42%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. On average, equities analysts predict that Pepsico will post $5.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.805 per share. The ex-dividend date is Wednesday, May 31st. This is an increase from Pepsico’s previous quarterly dividend of $0.75. This represents a $3.22 annualized dividend and a dividend yield of 2.75%. Pepsico’s dividend payout ratio (DPR) is 69.40%.
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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).
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