PepsiCo (NASDAQ:PEP) Price Target Raised to $154.00

PepsiCo (NASDAQ:PEP - Free Report) had its price target hoisted by Wells Fargo & Company from $140.00 to $154.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays decreased their price target on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $157.93.

PepsiCo Trading Down 1.5%

PepsiCo stock traded down $2.20 during mid-day trading on Friday, hitting $143.24. The company's stock had a trading volume of 13,738,009 shares, compared to its average volume of 7,239,591. The business has a 50 day moving average price of $132.23 and a 200-day moving average price of $141.11. PepsiCo has a 12 month low of $127.60 and a 12 month high of $180.91. The stock has a market cap of $196.39 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.65.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's payout ratio is presently 103.64%.

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of PepsiCo during the fourth quarter valued at $2,729,565,000. Nuveen LLC acquired a new position in PepsiCo during the first quarter worth about $946,978,000. GAMMA Investing LLC grew its holdings in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in PepsiCo during the second quarter worth about $460,110,000. Finally, Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the period. Institutional investors and hedge funds 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.