PepsiCo Inc. (NYSE:PEP) Receives Consensus Recommendation of “Buy” from Analysts
PepsiCo Inc. (NYSE:PEP) has been given an average rating of “Buy” by the twenty-five brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $111.51.
A number of analysts have commented on PEP shares. Credit Suisse Group AG started coverage on PepsiCo in a report on Thursday, September 15th. They set an “outperform” rating and a $121.00 price objective for the company. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective for the company in a report on Wednesday, September 7th. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Credit Agricole SA reissued an “outperform” rating on shares of PepsiCo in a report on Monday, August 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a report on Wednesday, August 10th.
PepsiCo (NYSE:PEP) traded up 0.08% on Wednesday, hitting $106.39. The stock had a trading volume of 2,223,135 shares. PepsiCo has a 52 week low of $91.45 and a 52 week high of $110.94. The stock has a market capitalization of $153.11 billion, a price-to-earnings ratio of 30.06 and a beta of 0.48. The company has a 50-day moving average price of $107.39 and a 200-day moving average price of $104.77.
PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, July 7th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The business earned $15.40 billion during the quarter. During the same period in the previous year, the firm earned $1.32 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo will post $4.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.83%. PepsiCo’s payout ratio is currently 84.79%.
In related news, CEO Laxman Narasimhan sold 3,219 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total value of $351,225.09. Following the transaction, the chief executive officer now owns 97,057 shares of the company’s stock, valued at $10,589,889.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mehmood Khan sold 51,137 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares in the company, valued at approximately $17,646,987.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. Scott Neal Inc. boosted its position in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares in the last quarter. Piershale Financial Group Inc. boosted its position in 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 in the last quarter. Delphi Private Advisors LLC boosted its position in 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 in the last quarter. Global X Management Co. LLC boosted its position in PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock worth $117,000 after buying an additional 528 shares in the last quarter. Finally, Stelac Advisory Services LLC boosted its position in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares in the last quarter. 69.81% of the stock is currently 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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