TheStreet reissued their buy rating on shares of PepsiCo (NYSE:PEP) in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports.
“PepsiCo (PEP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.,” the firm’s analyst wrote.
Shares of PepsiCo (NYSE:PEP) opened at 80.22 on Friday. PepsiCo has a 52 week low of $70.98 and a 52 week high of $87.06. The stock has a 50-day moving average of $81.85 and a 200-day moving average of $82.32. The company has a market cap of $123.0 billion and a P/E ratio of 18.64.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.5675 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, March 5th.
A number of other analysts have also recently weighed in on PEP. Analysts at Socgen initiated coverage on shares of PepsiCo in a research note to investors on Friday, January 31st. They set a hold rating on the stock. Separately, analysts at Societe Generale initiated coverage on shares of PepsiCo in a research note to investors on Thursday, January 30th. They set a hold rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of PepsiCo from a hold rating to a buy rating in a research note to investors on Monday, December 2nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $87.75.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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