PepsiCo (NYSE:PEP)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Friday, Analyst Ratings Network 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, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of PepsiCo from $92.00 to $98.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $86.00 to $92.00 in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of PepsiCo from $89.00 to $91.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock.
Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $87.30.
Shares of PepsiCo (NYSE:PEP) traded up 0.39% on Friday, hitting $79.56. The stock had a trading volume of 643,618 shares. PepsiCo has a one year low of $67.39 and a one year high of $87.06. The stock has a 50-day moving average of $83.62 and a 200-day moving average of $80.52. The company has a market cap of $122.7 billion and a price-to-earnings ratio of 18.67.
PepsiCo (NYSE:PEP) last announced its earnings results on Wednesday, July 24th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $16.81 million for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Friday, September 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 2.86%. The ex-dividend date of this dividend is Wednesday, September 4th.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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