Guggenheim began coverage on shares of PepsiCo (NASDAQ:PEP) in a research note published on Thursday morning, The Fly reports. The brokerage issued a neutral rating and a $117.00 target price on the stock.
Several other analysts also recently commented on PEP. BidaskClub raised PepsiCo from a strong sell rating to a sell rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded PepsiCo from a hold rating to a sell rating in a research note on Wednesday, June 27th. Deutsche Bank downgraded PepsiCo from a buy rating to a hold rating and set a $116.00 price objective for the company. in a research note on Tuesday, July 3rd. TheStreet raised PepsiCo from a c+ rating to a b- rating in a research note on Friday, July 6th. Finally, ValuEngine raised PepsiCo from a sell rating to a hold rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $119.50.
Shares of PepsiCo stock opened at $114.57 on Thursday. The company has a market capitalization of $161.02 billion, a PE ratio of 21.24, a P/E/G ratio of 2.68 and a beta of 0.66. PepsiCo has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.24 and a quick ratio of 1.09.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 10th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $16.09 billion during the quarter, compared to the consensus estimate of $16.05 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. equities research analysts predict that PepsiCo will post 5.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 6th. PepsiCo’s payout ratio is 70.94%.
Several institutional investors and hedge funds have recently modified their holdings of PEP. Wagner Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at $109,000. WP Advisors LLC bought a new position in PepsiCo during the second quarter valued at $118,000. Certified Advisory Corp bought a new position in PepsiCo during the fourth quarter valued at $134,000. Well Done LLC bought a new position in PepsiCo during the first quarter valued at $125,000. Finally, Fort L.P. bought a new position in PepsiCo during the second quarter valued at $125,000. 70.49% of the stock is owned by institutional investors.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
Recommended Story: Average Daily Trade Volume – What It Means In Stock Trading
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.