Analysts Set PepsiCo, Inc. (NASDAQ:PEP) Target Price at $158.73

Key Points

• PepsiCo has received an average rating of "Hold" from analysts, with 14 hold, 1 sell, and 4 buy recommendations among 19 rating firms.
• The company's recent quarterly earnings surpassed expectations, reporting $2.12 EPS compared to the anticipated $2.03, alongside revenue of $22.73 billion.
• PepsiCo declared a quarterly dividend of $1.4225 per share, representing a 3.8% yield, with a payout ratio of 103.64%.

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $158.7333.

Several research analysts have weighed in on the stock. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Finward Bancorp bought a new stake in shares of PepsiCo during the fourth quarter worth $627,000. Stenger Family Office LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $334,000. Finally, Finer Wealth Management Inc. lifted its position in shares of PepsiCo by 1.4% during the fourth quarter. Finer Wealth Management Inc. now owns 15,757 shares of the company's stock worth $2,396,000 after purchasing an additional 210 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.5%

Shares of NASDAQ:PEP traded down $0.73 during trading on Thursday, reaching $148.62. The stock had a trading volume of 6,890,929 shares, compared to its average volume of 8,969,319. The firm's fifty day moving average is $136.99 and its 200 day moving average is $140.63. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo has a 52 week low of $127.60 and a 52 week high of $179.73. The stock has a market cap of $203.47 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.98 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the firm posted $2.28 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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.