PepsiCo (PEP) PT Raised to $140.00
PepsiCo (NASDAQ:PEP) had its price objective hoisted by Susquehanna Bancshares from $137.00 to $140.00 in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has a positive rating on the stock.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of PepsiCo from a buy rating to a hold rating in a research note on Thursday, January 11th. Stifel Nicolaus reissued a hold rating and issued a $120.00 price target on shares of PepsiCo in a research note on Friday, December 22nd. Zacks Investment Research raised shares of PepsiCo from a sell rating to a hold rating in a research note on Tuesday, December 12th. Royal Bank of Canada reissued a hold rating on shares of PepsiCo in a research note on Sunday, November 12th. Finally, Deutsche Bank assumed coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They issued a buy rating and a $132.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $123.04.
Shares of PepsiCo (NASDAQ:PEP) opened at $109.11 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market cap of $155,170.00, a P/E ratio of 22.54, a P/E/G ratio of 2.89 and a beta of 0.62. PepsiCo has a twelve month low of $104.77 and a twelve month high of $122.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.95%. PepsiCo’s dividend payout ratio (DPR) is 66.53%.
Several institutional investors have recently made changes to their positions in the company. Zeke Capital Advisors LLC boosted its position in PepsiCo by 21.8% during the 4th quarter. Zeke Capital Advisors LLC now owns 25,191 shares of the company’s stock valued at $3,021,000 after buying an additional 4,510 shares during the period. Biltmore Family Office LLC purchased a new stake in PepsiCo during the 4th quarter valued at $3,121,000. Clark Capital Management Group Inc. boosted its position in PepsiCo by 39.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 10,771 shares of the company’s stock valued at $1,292,000 after buying an additional 3,062 shares during the period. LPL Financial LLC boosted its position in PepsiCo by 7.7% during the 4th quarter. LPL Financial LLC now owns 427,077 shares of the company’s stock valued at $51,215,000 after buying an additional 30,602 shares during the period. Finally, Noesis Capital Mangement Corp boosted its position in PepsiCo by 1.2% during the 4th quarter. Noesis Capital Mangement Corp now owns 89,378 shares of the company’s stock valued at $10,718,000 after buying an additional 1,050 shares during the period. 70.03% of the stock is 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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