PepsiCo, Inc. (NASDAQ:PEP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $183.92.

PEP has been the topic of several recent research reports. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Jefferies Financial Group decreased their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Barclays lowered their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th.

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its position in PepsiCo by 8.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 83,704 shares of the company’s stock worth $14,234,000 after acquiring an additional 6,187 shares during the period. Richard W. Paul & Associates LLC raised its position in PepsiCo by 7.2% during the third quarter. Richard W. Paul & Associates LLC now owns 4,393 shares of the company’s stock valued at $747,000 after buying an additional 296 shares during the period. Inspire Advisors LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $203,000. Trust Point Inc. raised its position in shares of PepsiCo by 4.3% in the third quarter. Trust Point Inc. now owns 19,497 shares of the company’s stock valued at $3,315,000 after purchasing an additional 806 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in PepsiCo by 13.1% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,573 shares of the company’s stock worth $1,118,000 after buying an additional 759 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.1 %

Shares of PepsiCo stock opened at $174.67 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. PepsiCo has a twelve month low of $158.03 and a twelve month high of $183.41. The firm has a market capitalization of $240.13 billion, a PE ratio of 25.35, a P/E/G ratio of 3.11 and a beta of 0.53. The firm’s 50-day moving average price is $173.73 and its 200 day moving average price is $172.12.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.