Royal Bank Of Canada Reiterates “Hold” Rating for Pepsico, Inc. (PEP)
Pepsico, Inc. (NYSE:PEP)‘s stock had its “hold” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Sunday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reissued a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Credit Suisse Group reissued a “hold” rating and issued a $122.00 price objective (down from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Macquarie began coverage on shares of Pepsico in a research report on Thursday, September 14th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $116.00 price target on shares of Pepsico in a research report on Friday, October 13th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $121.35.
Shares of Pepsico (NYSE PEP) opened at $112.75 on Friday. The stock has a market cap of $160,346.61, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.06 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. The company had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. equities research analysts anticipate that Pepsico will post 5.22 earnings per share for the current year.
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In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Grove Bank & Trust raised its stake in shares of Pepsico by 41.6% during the 2nd quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock worth $1,313,000 after acquiring an additional 3,339 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Pepsico by 3.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after purchasing an additional 2,905 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Pepsico by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after purchasing an additional 265 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Pepsico by 13.3% during the 1st quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock valued at $161,137,000 after purchasing an additional 169,049 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Pepsico by 0.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 168,529 shares of the company’s stock valued at $19,653,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 70.65% of the company’s stock.
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).
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