PepsiCo (NASDAQ:PEP) Hits New 52-Week High at $184.93

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) reached a new 52-week high during trading on Monday . The stock traded as high as $184.93 and last traded at $184.81, with a volume of 49308 shares traded. The stock had previously closed at $181.33.

Analyst Upgrades and Downgrades

Several analysts have commented on PEP shares. Barclays lifted their target price on shares of PepsiCo from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 14th. Royal Bank of Canada boosted their price objective on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “sector perform” rating in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $179.00 to $181.00 and gave the stock a “hold” rating in a research report on Tuesday, September 27th. Credit Suisse Group dropped their target price on shares of PepsiCo from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. Finally, StockNews.com raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $181.07.

PepsiCo Trading Up 0.0 %

The company has a current ratio of 0.92, a quick ratio of 0.72 and a debt-to-equity ratio of 1.89. The stock has a market cap of $254.66 billion, a P/E ratio of 26.44, a PEG ratio of 3.61 and a beta of 0.58. The firm’s 50-day simple moving average is $175.50 and its 200 day simple moving average is $171.75.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, December 1st. PepsiCo’s dividend payout ratio is currently 65.81%.

Insider Transactions at PepsiCo

In other news, CFO Hugh F. Johnston sold 23,394 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $175.74, for a total value of $4,111,261.56. Following the completion of the sale, the chief financial officer now directly owns 128,332 shares of the company’s stock, valued at approximately $22,553,065.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ramon Laguarta sold 5,900 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $173.09, for a total transaction of $1,021,231.00. Following the completion of the sale, the chief executive officer now directly owns 310,757 shares of the company’s stock, valued at $53,788,929.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Hugh F. Johnston sold 23,394 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $175.74, for a total transaction of $4,111,261.56. Following the sale, the chief financial officer now directly owns 128,332 shares of the company’s stock, valued at $22,553,065.68. The disclosure for this sale can be found here. In the last three months, insiders sold 37,639 shares of company stock valued at $6,633,617. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On PepsiCo

Several hedge funds have recently made changes to their positions in the company. MBA Advisors LLC lifted its position in shares of PepsiCo by 1.0% in the 3rd quarter. MBA Advisors LLC now owns 5,911 shares of the company’s stock valued at $965,000 after acquiring an additional 58 shares in the last quarter. Stiles Financial Services Inc increased its stake in PepsiCo by 2.1% in the 3rd quarter. Stiles Financial Services Inc now owns 2,881 shares of the company’s stock valued at $470,000 after buying an additional 58 shares during the period. Jacobi Capital Management LLC increased its stake in PepsiCo by 0.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 16,722 shares of the company’s stock valued at $2,730,000 after buying an additional 58 shares during the period. Retirement Planning Co of New England Inc. increased its stake in PepsiCo by 0.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after buying an additional 59 shares during the period. Finally, Jackson Square Capital LLC increased its stake in PepsiCo by 0.7% in the 3rd quarter. Jackson Square Capital LLC now owns 8,926 shares of the company’s stock valued at $1,457,000 after buying an additional 59 shares during the period. 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.

Further Reading

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