PepsiCo (NYSE: PEP) had its price target increased by Barclays Capital from $74.00 to $80.00 in a research report sent to investors on Tuesday morning. The firm currently has an overweight rating on the stock.
PEP has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of PepsiCo from $71.00 to $75.00 in a research note to investors on Tuesday. They now have a neutral rating on the stock. Separately, 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. Finally, 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.
Eight equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and seven have assigned a hold rating to the stock. The stock currently has an average rating of overweight and an average target price of $79.24.
Shares of PepsiCo opened at 75.42 on Tuesday. PepsiCo has a one year low of $62.15 and a one year 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 P/E ratio of 19.24.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.54 per share. This represents a $2.15 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, February 27th.
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