PepsiCo (NASDAQ:PEP) PT Raised to $185.00

PepsiCo (NASDAQ:PEPFree Report) had its target price raised by JPMorgan Chase & Co. from $182.00 to $185.00 in a report published on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also issued reports on PEP. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a buy rating for the company in a research report on Monday, September 30th. TD Cowen dropped their price objective on PepsiCo from $200.00 to $190.00 and set a buy rating for the company in a report on Wednesday, July 3rd. Barclays increased their target price on PepsiCo from $179.00 to $187.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $180.00 to $177.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Finally, DZ Bank downgraded shares of PepsiCo from a buy rating to a hold rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $185.29.

View Our Latest Analysis on PEP

PepsiCo Price Performance

Shares of PepsiCo stock opened at $167.97 on Tuesday. The stock has a 50 day moving average price of $173.80 and a 200-day moving average price of $172.10. PepsiCo has a one year low of $155.83 and a one year high of $183.41. The stock has a market cap of $230.72 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data 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 business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. Equities analysts expect that PepsiCo will post 8.14 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.23%. PepsiCo’s dividend payout ratio is presently 78.66%.

Institutional Trading of PepsiCo

A number of hedge funds have recently bought and sold shares of PEP. Meixler Investment Management Ltd. lifted its stake in shares of PepsiCo by 4.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock worth $228,000 after purchasing an additional 58 shares during the last quarter. Opes Wealth Management LLC lifted its position in shares of PepsiCo by 2.2% during the second quarter. Opes Wealth Management LLC now owns 2,748 shares of the company’s stock valued at $453,000 after buying an additional 59 shares during the last quarter. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Bank of Stockton raised its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company’s stock worth $448,000 after acquiring an additional 60 shares in the last quarter. Finally, Oxbow Advisors LLC lifted its position in PepsiCo by 0.7% during the second quarter. Oxbow Advisors LLC now owns 8,982 shares of the company’s stock valued at $1,481,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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