Analysts Set PepsiCo, Inc. (NASDAQ:PEP) Price Target at $158.60

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been assigned an average rating of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $158.6667.

PEP has been the topic of several research reports. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st.

Institutional Trading of PepsiCo

Institutional investors have recently made changes to their positions in the business. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new stake in PepsiCo during the 2nd quarter worth about $27,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $31,000. Finally, Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5%

PEP opened at $143.53 on Monday. The stock’s fifty day moving average is $143.81 and its two-hundred day moving average is $140.44. The company has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. PepsiCo has a 52 week low of $127.60 and a 52 week high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts forecast that PepsiCo will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.