PepsiCo, Inc. (NASDAQ:PEP) Receives $169.58 Consensus Price Target from Brokerages

PepsiCo, Inc. (NASDAQ:PEPGet Free Report) has received a consensus rating of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $167.35.

PEP has been the subject of several research analyst reports. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein started coverage on shares of PepsiCo in a research report on Thursday. They set a “market perform” rating and a $143.00 price objective for the company.

View Our Latest Stock Report on PEP

PepsiCo Price Performance

PEP opened at $144.27 on Wednesday. The company has a 50-day moving average of $151.11 and a 200-day moving average of $152.37. The company has a market capitalization of $197.18 billion, a P/E ratio of 22.65, a PEG ratio of 2.60 and a beta of 0.35. PepsiCo has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. Equities analysts expect that PepsiCo will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is presently 92.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. Brighton Jones LLC boosted its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Caxton Associates LLP acquired a new position in PepsiCo during the 1st quarter valued at about $251,000. Sivia Capital Partners LLC boosted its stake in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after purchasing an additional 3,790 shares during the period. Schnieders Capital Management LLC. boosted its stake in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares during the period. Finally, Sei Investments Co. boosted its stake in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after purchasing an additional 167,707 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about PepsiCo

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PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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