Pepsico, Inc. (PEP) Earns Buy Rating from Susquehanna Bancshares Inc
Pepsico, Inc. (NYSE:PEP)‘s stock had its “buy” rating reiterated by equities researchers at Susquehanna Bancshares Inc in a report issued on Monday. They presently have a $135.00 target price on the stock. Susquehanna Bancshares Inc’s price target points to a potential upside of 21.15% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $122.38.
Shares of Pepsico (NYSE:PEP) traded down 1.73% during trading on Monday, hitting $109.50. The stock had a trading volume of 4,370,035 shares. The firm has a market cap of $156.09 billion, a P/E ratio of 23.19 and a beta of 0.68. Pepsico has a one year low of $98.50 and a one year high of $119.39. The firm’s 50-day moving average is $116.31 and its 200-day moving average is $114.69.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS. Equities research analysts forecast that Pepsico will post $5.16 EPS for the current year.
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In related news, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the sale, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Indra K. Nooyi sold 340,449 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the sale, the chief executive officer now owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The disclosure for this sale can be found here. Insiders sold a total of 898,164 shares of company stock worth $104,585,929 over the last quarter. Insiders own 0.26% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PEP. Perpetual Ltd lifted its position in shares of Pepsico by 6.7% during the 2nd quarter. Perpetual Ltd now owns 14,265 shares of the company’s stock valued at $1,647,000 after acquiring an additional 900 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Pepsico during the 2nd quarter worth $240,000. Frontier Investment Mgmt Co. boosted its stake in shares of Pepsico by 6.6% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 10,574 shares of the company’s stock worth $1,221,000 after acquiring an additional 658 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Pepsico by 1.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,247,364 shares of the company’s stock worth $259,548,000 after acquiring an additional 40,950 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new stake in shares of Pepsico during the 2nd quarter worth $1,461,000. 70.06% of the stock is currently owned by institutional investors.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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