PepsiCo, Inc. (NASDAQ:PEP) Receives $170.59 Average Price Target from Brokerages

PepsiCo, Inc. (NASDAQ:PEP) has been given a consensus rating of “Hold” by the twenty ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a 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 $169.88.

A number of brokerages have recently commented on PEP. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. HSBC lowered their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, UBS Group lowered their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Collier Financial bought a new stake in PepsiCo during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth $31,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter worth $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.2 %

Shares of NASDAQ:PEP opened at $145.45 on Monday. The company has a market capitalization of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business has a fifty day moving average price of $149.04 and a two-hundred day moving average price of $158.96. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts forecast that PepsiCo will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.