PepsiCo (NASDAQ:PEP) PT Raised to $185.00

PepsiCo (NASDAQ:PEP) 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.

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:PEP) 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

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.