Pepsico, Inc. (PEP) Receives $122.05 Average Target Price from Brokerages
Shares of Pepsico, Inc. (NASDAQ:PEP) have received a consensus recommendation of “Buy” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $123.05.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Pepsico from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Cowen restated a “buy” rating on shares of Pepsico in a report on Sunday, September 17th. Stifel Nicolaus restated a “hold” rating and set a $120.00 target price on shares of Pepsico in a report on Friday, December 22nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Pepsico in a research report on Sunday, November 12th. Finally, Macquarie started coverage on Pepsico in a research report on Thursday, September 14th. They set an “outperform” rating and a $125.00 price target for the company.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Pepsico in the 4th quarter worth approximately $201,000. White Lighthouse Investment Management Inc. bought a new position in shares of Pepsico in the 4th quarter worth approximately $240,000. Pure Financial Advisors Inc. bought a new position in shares of Pepsico in the 4th quarter worth approximately $295,000. Sawyer & Company Inc bought a new position in shares of Pepsico in the 4th quarter worth approximately $1,681,000. Finally, First Citizens Bank & Trust Co. raised its position in shares of Pepsico by 49.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 37,754 shares of the company’s stock worth $4,527,000 after acquiring an additional 12,567 shares in the last quarter. 70.20% of the stock is owned by institutional investors and hedge funds.
Shares of Pepsico (PEP) traded down $0.60 during mid-day trading on Monday, reaching $116.88. The company had a trading volume of 3,690,000 shares, compared to its average volume of 3,700,000. The stock has a market cap of $166,220.00, a PE ratio of 24.15, a PEG ratio of 3.11 and a beta of 0.68. Pepsico has a 52 week low of $101.06 and a 52 week high of $120.57. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 1st were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Thursday, November 30th. Pepsico’s payout ratio is 66.53%.
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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