PepsiCo (NYSE: PEP) had its target price increased by UBS AG from $71.00 to $75.00 in a report issued on Tuesday. They currently have a neutral rating on the stock.
A number of other firms have also recently commented on PEP. Analysts at Zacks reiterated a neutral rating on shares of PepsiCo in a research note to investors on Friday, February 15th. They now have a $76.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of PepsiCo in a research note to investors on Friday, February 15th. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at Morgan Stanley reiterated an overweight rating on shares of PepsiCo in a research note to investors on Friday, February 15th. They now have a $81.00 price target on the stock.
Eight research analysts have rated the stock with a buy rating, three have issued an overweight rating, and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of overweight and an average target price of $79.24.
PepsiCo opened at 75.42 on Tuesday. PepsiCo has a 52-week low of $62.15 and a 52-week high of $75.86. The stock’s 50-day moving average is currently $71.99. The company has a market cap of $116.4 billion and a price-to-earnings ratio of 19.24.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 1st will be given a dividend of $0.54 per share. This represents a $2.15 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, February 27th.
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