Brokerages Set PepsiCo, Inc. (NASDAQ:PEP) Target Price at $156.90

Shares of PepsiCo, Inc. (NASDAQ:PEP) have received a consensus recommendation of “Hold” from the twenty-two analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $156.90.

PEP has been the subject of a number of recent analyst reports. HSBC upped their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Piper Sandler reduced their target price on PepsiCo from $162.00 to $161.00 and set an “overweight” rating for the company in a report on Friday, November 21st. JPMorgan Chase & Co. dropped their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, The Goldman Sachs Group raised their target price on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th.

Institutional Investors Weigh In On PepsiCo

Several large investors have recently modified their holdings of PEP. Three Bridge Wealth Advisors LLC boosted its position in PepsiCo by 1.8% during the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after purchasing an additional 68 shares during the period. JSF Financial LLC grew its position in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares in the last quarter. Facet Wealth Inc. lifted its holdings in PepsiCo by 3.2% during the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares in the last quarter. Hudock Inc. boosted its stake in PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after purchasing an additional 70 shares during the period. Finally, Delta Asset Management LLC TN grew its holdings in PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $147.98 on Friday. The business has a 50 day moving average price of $145.72 and a 200-day moving average price of $140.85. PepsiCo has a 52 week low of $127.60 and a 52 week high of $165.13. The company has a market cap of $202.34 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is currently 108.17%.

PepsiCo Company Profile

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.