PepsiCo (NASDAQ:PEP) had its target price increased by Jefferies Financial Group from $123.00 to $134.00 in a report published on Wednesday morning, The Fly reports. Jefferies Financial Group currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for PepsiCo’s Q3 2019 earnings at $1.54 EPS and Q4 2019 earnings at $1.45 EPS.

PEP has been the topic of a number of other reports. Wells Fargo & Co initiated coverage on Semtech in a research note on Tuesday, May 14th. They set an outperform rating and a $48.03 price target on the stock. Cowen lifted their price target on PepsiCo from $142.00 to $150.00 and gave the company an outperform rating in a research note on Wednesday. Zacks Investment Research lowered Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. Macquarie lifted their price target on PepsiCo from $126.00 to $138.00 and gave the company an outperform rating in a research note on Thursday, April 18th. Finally, Bank of America set a $25.00 price target on Levi Strauss & Co. and gave the company a hold rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $128.53.

Shares of PEP stock opened at $133.28 on Wednesday. The company’s 50-day moving average price is $131.86. PepsiCo has a 12 month low of $104.53 and a 12 month high of $135.24. The firm has a market capitalization of $187.84 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 3.49 and a beta of 0.60. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 1.97.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts forecast that PepsiCo will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is currently 67.49%.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of PepsiCo stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the sale, the senior vice president now owns 55,665 shares of the company’s stock, valued at $7,013,233.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,914 shares of company stock worth $6,497,864. 0.28% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Evolution Wealth Advisors LLC bought a new stake in PepsiCo in the second quarter worth approximately $27,000. Horan Securities Inc. increased its holdings in PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $39,000. Financial Gravity Companies Inc. bought a new stake in PepsiCo in the fourth quarter worth approximately $41,000. Finally, Thor Advisors LLC bought a new stake in PepsiCo in the first quarter worth approximately $70,000. Institutional investors and hedge funds own 70.83% of the company’s stock.

PepsiCo Company Profile

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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