PepsiCo Inc. (NYSE:PEP)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $120.00 price target on the stock, up from their previous price target of $116.00. BMO Capital Markets’ price objective would indicate a potential upside of 10.85% from the company’s current price.
A number of other research analysts have also commented on the company. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective on the stock in a report on Wednesday, September 7th. Argus raised their target price on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Jefferies Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of PepsiCo in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG assumed coverage on PepsiCo in a report on Thursday, September 15th. They issued an “outperform” rating and a $121.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $112.25.
PepsiCo (NYSE:PEP) opened at 108.25 on Friday. The company has a market capitalization of $155.25 billion, a P/E ratio of 23.75 and a beta of 0.46. PepsiCo has a 52 week low of $93.25 and a 52 week high of $110.94. The company’s 50-day moving average price is $107.18 and its 200-day moving average price is $105.23.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. The business had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 57.14% and a net margin of 10.74%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 EPS. On average, equities analysts forecast that PepsiCo will post $4.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were paid a $0.7525 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.78%. PepsiCo’s dividend payout ratio (DPR) is currently 66.01%.
In related news, CEO Albert P. Carey sold 170,003 shares of PepsiCo stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total transaction of $18,498,026.43. Following the completion of the sale, the chief executive officer now directly owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction 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 sale, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Piershale Financial Group Inc. boosted its stake 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of PepsiCo by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,320 shares of the company’s stock worth $139,000 after buying an additional 4 shares during the period. Palisade Capital Management LLC NJ boosted its stake in shares of PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock worth $333,000 after buying an additional 11 shares during the period. Delphi Private Advisors LLC boosted its stake 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. Finally, Redmond Asset Management LLC boosted its stake in shares of PepsiCo by 0.3% in the second quarter. Redmond Asset Management LLC now owns 7,183 shares of the company’s stock worth $761,000 after buying an additional 18 shares during the period. 69.81% of the stock is 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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