Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) have received an average rating of "Hold" from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $159.75.
PEP has been the topic of a number of recent research reports. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th.
Read Our Latest Report on PepsiCo
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PEP. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Geode Capital Management LLC lifted its stake in PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after buying an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $2,729,565,000. Finally, Northern Trust Corp increased its stake in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
PepsiCo Trading Up 1.5%
Shares of NASDAQ:PEP opened at $131.05 on Wednesday. PepsiCo has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company has a market capitalization of $179.68 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. The company has a 50-day simple moving average of $132.60 and a 200 day simple moving average of $143.54.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. Sell-side analysts forecast that PepsiCo will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.34%. PepsiCo's dividend payout ratio is presently 83.68%.
About PepsiCo
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Get Free ReportPepsiCo, 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.
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