PepsiCo, Inc. (NASDAQ:PEP) Receives $181.07 Consensus Target Price from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $181.07.

Several equities analysts recently issued reports on the stock. Redburn Partners began coverage on shares of PepsiCo in a report on Friday, November 4th. They set a “sell” rating and a $141.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $179.00 to $181.00 and gave the company a “hold” rating in a report on Tuesday, September 27th. Barclays boosted their price objective on shares of PepsiCo from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 14th. Wells Fargo & Company upped their price target on shares of PepsiCo from $172.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 13th. Finally, Credit Suisse Group dropped their price objective on shares of PepsiCo from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, October 3rd.

PepsiCo Trading Up 0.7 %

PepsiCo stock opened at $181.33 on Friday. PepsiCo has a 52 week low of $153.37 and a 52 week high of $183.58. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.72 and a current ratio of 0.92. The firm has a market capitalization of $249.82 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.54 and a beta of 0.58. The company has a 50 day moving average price of $174.68 and a 200 day moving average price of $171.54.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Wednesday, October 12th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.12. PepsiCo had a net margin of 11.61% and a return on equity of 51.13%. The business had revenue of $21.97 billion for the quarter, compared to the consensus estimate of $20.82 billion. During the same quarter last year, the firm earned $1.79 EPS. PepsiCo’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts forecast that PepsiCo will post 6.76 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $4.60 annualized dividend and a yield of 2.54%. PepsiCo’s payout ratio is currently 65.81%.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramon Laguarta sold 5,900 shares of the stock in a transaction on Friday, October 21st. The stock was sold at an average price of $173.09, for a total value of $1,021,231.00. Following the completion of the transaction, the chief executive officer now owns 310,757 shares in the company, valued at $53,788,929.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Marie T. Gallagher sold 5,558 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $180.01, for a total value of $1,000,495.58. Following the transaction, the senior vice president now owns 41,195 shares of the company’s stock, valued at $7,415,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramon Laguarta sold 5,900 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $173.09, for a total value of $1,021,231.00. Following the completion of the transaction, the chief executive officer now directly owns 310,757 shares in the company, valued at approximately $53,788,929.13. The disclosure for this sale can be found here. Insiders sold a total of 37,639 shares of company stock worth $6,633,617 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently added to or reduced their stakes in PEP. IFM Investors Pty Ltd boosted its holdings in PepsiCo by 23.9% during the 1st quarter. IFM Investors Pty Ltd now owns 221,148 shares of the company’s stock valued at $37,016,000 after acquiring an additional 42,628 shares during the period. Hardy Reed LLC bought a new position in shares of PepsiCo in the 1st quarter worth $67,000. CapWealth Advisors LLC raised its position in shares of PepsiCo by 1.4% in the 1st quarter. CapWealth Advisors LLC now owns 93,785 shares of the company’s stock worth $15,698,000 after acquiring an additional 1,261 shares in the last quarter. HNP Capital LLC increased its position in PepsiCo by 1,665.0% during the 1st quarter. HNP Capital LLC now owns 57,768 shares of the company’s stock valued at $9,669,000 after buying an additional 54,495 shares in the last quarter. Finally, Patriot Investment Management Inc. increased its position in PepsiCo by 43.7% during the 1st quarter. Patriot Investment Management Inc. now owns 5,440 shares of the company’s stock valued at $910,000 after buying an additional 1,655 shares in the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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