PepsiCo, Inc. (NASDAQ:PEP) Receives Average Recommendation of “Hold” from Analysts

PepsiCo, Inc. (NASDAQ:PEP) has earned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $185.53.

PEP has been the subject of a number of recent analyst reports. TD Cowen cut their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada reduced their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. BNP Paribas began coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Bank of America reduced their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, Jefferies Financial Group cut their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th.

PepsiCo Trading Up 0.2 %

PepsiCo stock opened at $170.00 on Monday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a 50-day moving average of $173.76 and a 200-day moving average of $171.95. The company has a market cap of $233.71 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 2.97 and a beta of 0.53. PepsiCo has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. On average, equities analysts expect that PepsiCo will post 8.14 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. PepsiCo’s payout ratio is 78.66%.

Institutional Investors Weigh In On PepsiCo

Large investors have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC lifted its holdings in shares of PepsiCo by 3.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after acquiring an additional 139 shares during the period. Norden Group LLC lifted its stake in PepsiCo by 3,345.6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after purchasing an additional 174,171 shares during the last quarter. Marion Wealth Management boosted its holdings in shares of PepsiCo by 6.3% in the 1st quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock valued at $1,467,000 after purchasing an additional 494 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of PepsiCo by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock worth $121,486,000 after buying an additional 11,485 shares in the last quarter. Finally, Meyer Handelman Co. lifted its position in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after buying an additional 9,465 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

About PepsiCo

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.