Cowen reaffirmed their buy rating on shares of Pepsico (NASDAQ:PEP) in a report released on Tuesday morning. The firm currently has a $133.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Pepsico from a hold rating to a buy rating and set a $122.00 target price for the company in a research note on Tuesday, October 3rd. Susquehanna Bancshares reaffirmed a buy rating and set a $135.00 target price on shares of Pepsico in a research note on Monday, October 2nd. Deutsche Bank reissued a buy rating and issued a $122.00 price objective (down from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Royal Bank of Canada reissued a hold rating on shares of Pepsico in a research note on Sunday, November 12th. Finally, Stifel Nicolaus reissued a hold rating and issued a $116.00 price objective on shares of Pepsico in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Pepsico currently has a consensus rating of Buy and an average price target of $123.18.

Pepsico (NASDAQ:PEP) traded down $0.60 during trading on Tuesday, reaching $117.48. The company’s stock had a trading volume of 3,056,757 shares, compared to its average volume of 3,680,000. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. Pepsico has a 1-year low of $101.06 and a 1-year high of $120.57. The stock has a market cap of $167,070.00, a price-to-earnings ratio of 24.27, a PEG ratio of 3.11 and a beta of 0.68.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 1st were issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Thursday, November 30th. Pepsico’s dividend payout ratio is presently 66.53%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Prudential Financial Inc. grew its holdings in shares of Pepsico by 26.1% during the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Pepsico by 2.0% during the 4th quarter. Confluence Investment Management LLC now owns 1,154,250 shares of the company’s stock worth $138,418,000 after purchasing an additional 22,364 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in Pepsico by 49.9% during the 4th quarter. First Citizens Bank & Trust Co. now owns 37,754 shares of the company’s stock valued at $4,527,000 after acquiring an additional 12,567 shares during the period. Gillespie Robinson & Grimm Inc. boosted its holdings in Pepsico by 2.8% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 209,803 shares of the company’s stock valued at $25,160,000 after acquiring an additional 5,738 shares during the period. Finally, Pure Financial Advisors Inc. purchased a new position in Pepsico during the 4th quarter valued at about $295,000. Institutional investors and hedge funds own 70.20% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/pepsicos-pep-buy-rating-reaffirmed-at-cowen/1802050.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 (NASDAQ: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.