PepsiCo (NYSE:PEP)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Tuesday, American Banking & Market News reports.
The analysts wrote, “PepsiCo (PEP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
A number of other analysts have also recently weighed in on PEP. Analysts at Thomson Reuters/Verus upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at RBC Capital initiated coverage on shares of PepsiCo in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $89.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note to investors on Wednesday, November 20th. They now have a $90.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $87.75.
PepsiCo (NYSE:PEP) opened at 83.70 on Tuesday. PepsiCo has a 52 week low of $67.39 and a 52 week high of $87.06. The stock has a 50-day moving average of $84.40 and a 200-day moving average of $82.48. The company has a market cap of $128.4 billion and a price-to-earnings ratio of 19.65.
PepsiCo (NYSE:PEP) last released its earnings data on Wednesday, October 16th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.06. The company had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $17.03 billion. During the same quarter last year, the company posted $1.20 earnings per share. PepsiCo’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that PepsiCo will post $4.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.57 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, December 4th.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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