Jefferies Group LLC reaffirmed their buy rating on shares of PepsiCo, Inc. (NYSE:PEP) in a report released on Wednesday. They currently have a $127.00 price target on the stock, up from their previous price target of $120.00.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of PepsiCo from a hold rating to a sell rating in a research note on Tuesday. Susquehanna Bancshares Inc upgraded shares of PepsiCo from a neutral rating to a positive rating and increased their target price for the company from $118.00 to $132.00 in a research note on Wednesday, April 12th. Royal Bank of Canada reiterated a hold rating and issued a $115.00 target price on shares of PepsiCo in a research note on Thursday, March 23rd. Credit Suisse Group AG increased their target price on shares of PepsiCo from $115.00 to $121.00 and gave the company a buy rating in a research note on Thursday, March 23rd. Finally, BMO Capital Markets reiterated a buy rating and issued a $115.00 target price on shares of PepsiCo in a research note on Wednesday, March 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $117.12.
Shares of PepsiCo (NYSE:PEP) traded up 0.12% on Wednesday, hitting $113.76. The company’s stock had a trading volume of 1,546,320 shares. The stock’s 50 day moving average price is $111.42 and its 200 day moving average price is $106.56. The stock has a market capitalization of $162.36 billion, a P/E ratio of 26.10 and a beta of 0.53. PepsiCo has a 52 week low of $98.50 and a 52 week high of $114.61.
PepsiCo (NYSE:PEP) last released its earnings results on Wednesday, February 15th. The company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business earned $19.52 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that PepsiCo will post $5.12 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at http://www.wkrb13.com/markets/2064906/pepsico-inc-pep-receives-buy-rating-from-jefferies-group-llc.html.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 3rd were given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 2.65%. The ex-dividend date was Wednesday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 66.01%.
In related news, EVP Cynthia Trudell sold 9,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $109.57, for a total value of $986,130.00. Following the completion of the transaction, the executive vice president now owns 38,739 shares of the company’s stock, valued at $4,244,632.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 23,585 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $109.05, for a total transaction of $2,571,944.25. Following the completion of the transaction, the chief executive officer now directly owns 135,859 shares of the company’s stock, valued at approximately $14,815,423.95. The disclosure for this sale can be found here. Insiders sold 44,343 shares of company stock valued at $4,850,480 in the last three months. Company insiders own 0.33% of the company’s stock.
Several hedge funds have recently bought and sold shares of PEP. Amtrust Financial Services Inc. purchased a new stake in PepsiCo during the fourth quarter valued at $2,228,000. Stonebridge Capital Management Inc. raised its stake in PepsiCo by 0.3% in the third quarter. Stonebridge Capital Management Inc. now owns 77,741 shares of the company’s stock valued at $8,456,000 after buying an additional 201 shares during the last quarter. First Eagle Investment Management LLC raised its stake in PepsiCo by 106.7% in the third quarter. First Eagle Investment Management LLC now owns 2,469,429 shares of the company’s stock valued at $268,600,000 after buying an additional 1,274,477 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in PepsiCo by 0.6% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 343,748 shares of the company’s stock valued at $35,966,000 after buying an additional 2,129 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. raised its stake in PepsiCo by 68.8% in the third quarter. Gluskin Sheff & Assoc Inc. now owns 346,504 shares of the company’s stock valued at $36,865,000 after buying an additional 141,254 shares during the last quarter. 70.43% of the stock is owned by institutional investors.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2064906/pepsico-inc-pep-receives-buy-rating-from-jefferies-group-llc.html
Receive News & Ratings for PepsiCo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.