PepsiCo Inc. (PEP) Given Consensus Recommendation of “Buy” by Analysts
Shares of PepsiCo Inc. (NYSE:PEP) have been given an average recommendation of “Buy” by the twenty-two ratings firms that are presently covering the company. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $114.18.
A number of research firms have recently weighed in on PEP. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price (up previously from $116.00) on shares of PepsiCo in a research note on Friday, September 30th. Jefferies Group reissued a “buy” rating and issued a $122.00 target price (down previously from $124.00) on shares of PepsiCo in a research note on Friday, September 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $118.00 price target on shares of PepsiCo in a research report on Wednesday, August 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $121.00 price target on shares of PepsiCo in a research report on Friday, September 30th.
A number of institutional investors have recently made changes to their positions in the company. Kentucky Retirement Systems bought a new position in shares of PepsiCo during the second quarter worth approximately $13,013,000. Fundsmith LLP boosted its stake in PepsiCo by 13.6% in the second quarter. Fundsmith LLP now owns 3,540,086 shares of the company’s stock worth $375,037,000 after buying an additional 424,100 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares in the last quarter. Svenska Handelsbanken AB publ boosted its stake in PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock worth $86,419,000 after buying an additional 800,747 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in PepsiCo by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 373,888 shares of the company’s stock worth $39,610,000 after buying an additional 21,965 shares in the last quarter. 69.19% of the stock is currently owned by institutional investors.
Shares of PepsiCo (NYSE:PEP) traded down 1.181% during midday trading on Wednesday, reaching $100.585. The company’s stock had a trading volume of 3,121,738 shares. The stock has a 50-day moving average price of $105.13 and a 200-day moving average price of $105.79. The stock has a market cap of $144.26 billion, a price-to-earnings ratio of 22.068 and a beta of 0.54. PepsiCo has a 52-week low of $93.25 and a 52-week high of $110.94.
PepsiCo (NYSE:PEP) last released its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The company earned $16 billion during the quarter. During the same period last year, the firm posted $1.35 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that PepsiCo will post $4.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be issued a $0.7525 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $3.01 dividend on an annualized basis and a yield of 2.94%. PepsiCo’s dividend payout ratio is currently 66.01%.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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