Deutsche Bank assumed coverage on shares of Pepsico (NYSE:PEP) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $132.00 target price on the stock.

PEP has been the subject of several other reports. Zacks Investment Research upgraded Pepsico from a hold rating to a buy rating and set a $132.00 target price for the company in a research report on Tuesday, August 22nd. Jefferies Group downgraded Pepsico from a buy rating to a hold rating and lowered their price objective for the stock from $133.00 to $108.00 in a research report on Monday, October 2nd. Credit Suisse Group downgraded Pepsico from an outperform rating to a neutral rating and lowered their price objective for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. BidaskClub upgraded Pepsico from a hold rating to a buy rating in a research report on Thursday, August 17th. Finally, Royal Bank of Canada restated a hold rating and set a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico presently has an average rating of Buy and a consensus price target of $122.73.

Pepsico (PEP) opened at $119.22 on Wednesday. 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 company has a market capitalization of $169,526.55, a PE ratio of 23.28, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. Pepsico has a 1 year low of $101.06 and a 1 year high of $119.39.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. equities research analysts anticipate that Pepsico will post 5.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.70%. Pepsico’s dividend payout ratio (DPR) is 66.53%.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Grove Bank & Trust increased its holdings in Pepsico by 41.6% in the second quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock worth $1,313,000 after purchasing an additional 3,339 shares in the last quarter. Wedbush Securities Inc. grew its stake in Pepsico by 20.4% in the second quarter. Wedbush Securities Inc. now owns 17,247 shares of the company’s stock valued at $1,992,000 after acquiring an additional 2,922 shares during the period. Stratos Wealth Partners LTD. grew its stake in Pepsico by 3.8% in the second quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after acquiring an additional 2,905 shares during the period. Pioneer Investment Management Inc. grew its stake in Pepsico by 2.1% in the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after acquiring an additional 91,851 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in Pepsico by 4.0% in the second quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 70.50% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/pepsico-pep-earns-buy-rating-from-analysts-at-deutsche-bank/1769752.html.

Pepsico Company Profile

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).

Analyst Recommendations for Pepsico (NYSE:PEP)

Receive News & Ratings for Pepsico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico and related companies with MarketBeat.com's FREE daily email newsletter.