PepsiCo (PEP) PT Lowered to $125.00

PepsiCo (NASDAQ:PEP) had its target price trimmed by Morgan Stanley from $127.00 to $125.00 in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on PEP. BidaskClub raised shares of PepsiCo from a sell rating to a hold rating in a research report on Tuesday, June 12th. Zacks Investment Research downgraded shares of PepsiCo from a hold rating to a sell rating in a research report on Wednesday, June 27th. Deutsche Bank downgraded shares of PepsiCo from a buy rating to a hold rating and set a $116.00 price objective on the stock. in a research report on Tuesday, July 3rd. TheStreet raised shares of PepsiCo from a c+ rating to a b- rating in a research report on Friday, July 6th. Finally, ValuEngine raised shares of PepsiCo from a sell rating to a hold rating in a research report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $117.89.

NASDAQ:PEP opened at $106.49 on Thursday. The stock has a market capitalization of $158.12 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 3.00. PepsiCo has a 1-year low of $95.94 and a 1-year high of $122.51.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.02. The firm had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a net margin of 7.14% and a return on equity of 67.06%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. On average, analysts forecast that PepsiCo will post 5.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 70.94%.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the transaction, the chief executive officer now owns 130,135 shares in the company, valued at approximately $13,897,116.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Fiera Capital Corp lifted its stake in shares of PepsiCo by 5.3% in the 1st quarter. Fiera Capital Corp now owns 3,512,114 shares of the company’s stock worth $383,347,000 after purchasing an additional 177,748 shares during the period. Bruderman Asset Management LLC lifted its stake in shares of PepsiCo by 3.9% in the 1st quarter. Bruderman Asset Management LLC now owns 59,583 shares of the company’s stock worth $6,503,000 after purchasing an additional 2,255 shares during the period. Patriot Wealth Management Inc. lifted its stake in shares of PepsiCo by 3.1% in the 2nd quarter. Patriot Wealth Management Inc. now owns 43,785 shares of the company’s stock worth $4,767,000 after purchasing an additional 1,297 shares during the period. World Asset Management Inc lifted its stake in shares of PepsiCo by 2.9% in the 2nd quarter. World Asset Management Inc now owns 102,760 shares of the company’s stock worth $11,187,000 after purchasing an additional 2,917 shares during the period. Finally, Transamerica Financial Advisors Inc. lifted its stake in shares of PepsiCo by 2.6% in the 1st quarter. Transamerica Financial Advisors Inc. now owns 30,387 shares of the company’s stock worth $3,317,000 after purchasing an additional 771 shares during the period. Institutional investors and hedge funds own 70.45% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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