UBS Group Cuts PepsiCo (NASDAQ:PEP) Price Target to $169.00

PepsiCo (NASDAQ:PEP - Free Report) had its price objective cut by UBS Group from $175.00 to $169.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. Bank of America cut their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

PEP stock traded up $0.55 during midday trading on Friday, hitting $134.31. The company's stock had a trading volume of 7,007,485 shares, compared to its average volume of 6,165,396. The firm has a market capitalization of $184.18 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo has a 12 month low of $131.61 and a 12 month high of $183.41. The company has a 50 day moving average of $147.46 and a two-hundred day moving average of $153.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. On average, analysts expect that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.04%. PepsiCo's payout ratio is currently 79.71%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter worth about $2,729,565,000. Finally, Northern Trust Corp raised its position 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 purchasing an additional 1,306,818 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.