PepsiCo, Inc. (NASDAQ:PEP) has received an average rating of “Buy” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $124.65.

Several research firms have recently issued reports on PEP. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Wells Fargo & Co boosted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. ValuEngine raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the transaction, the chief executive officer now owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now directly owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,494 shares of company stock valued at $7,698,345. 0.28% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. lifted its holdings in shares of PepsiCo by 73.3% in the 1st quarter. Lenox Wealth Management Inc. now owns 201 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. Highwater Wealth Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $28,000. Bogart Wealth LLC raised its holdings in PepsiCo by 64.5% during the 1st quarter. Bogart Wealth LLC now owns 255 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Lucia Wealth Services LLC raised its holdings in PepsiCo by 102.9% during the 1st quarter. Lucia Wealth Services LLC now owns 276 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the last quarter. Finally, Horan Securities Inc. raised its holdings in PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after buying an additional 230 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

PEP stock traded up $1.02 during mid-day trading on Thursday, hitting $130.07. The company had a trading volume of 3,587,996 shares, compared to its average volume of 3,774,453. The firm has a market cap of $180.91 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 3.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. PepsiCo has a 12 month low of $99.61 and a 12 month high of $130.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that PepsiCo will post 5.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.82 annualized dividend and a yield of 2.94%. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s payout ratio is currently 65.55%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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