PepsiCo, Inc. (NYSE:PEP) had its target price increased by equities researchers at Jefferies Group LLC from $120.00 to $127.00 in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 11.81% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. BMO Capital Markets restated a “buy” rating and issued a $115.00 target price on shares of PepsiCo in a research report on Wednesday, March 22nd. Susquehanna Bancshares Inc upgraded shares of PepsiCo from a “neutral” rating to a “positive” rating and boosted their target price for the company from $118.00 to $132.00 in a research report on Wednesday, April 12th. Vetr cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $106.67 target price for the company. in a research report on Tuesday, January 10th. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of PepsiCo in a research report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. PepsiCo currently has a consensus rating of “Buy” and an average price target of $117.12.
PepsiCo (NYSE:PEP) traded down 0.03% during mid-day trading on Wednesday, reaching $113.59. 2,972,952 shares of the company were exchanged. The company’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 $162.12 billion, a price-to-earnings ratio of 26.06 and a beta of 0.53. PepsiCo has a 12-month low of $98.50 and a 12-month high of $114.61.
PepsiCo (NYSE:PEP) last issued its earnings results on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The company earned $19.52 billion during the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. On average, equities research analysts forecast that PepsiCo will post $5.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 3rd were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Wednesday, March 1st. PepsiCo’s payout ratio is 66.01%.
In other news, EVP Cynthia Trudell sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $109.57, for a total value of $986,130.00. Following the transaction, the executive vice president now owns 38,739 shares in the company, valued at approximately $4,244,632.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laxman Narasimhan sold 4,258 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $109.50, for a total transaction of $466,251.00. Following the completion of the transaction, the chief executive officer now owns 112,519 shares in the company, valued at approximately $12,320,830.50. The disclosure for this sale can be found here. Insiders have sold a total of 44,343 shares of company stock worth $4,850,480 over the last three months. Insiders own 0.33% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TRUE Private Wealth Advisors increased its position in shares of PepsiCo by 21.0% in the first quarter. TRUE Private Wealth Advisors now owns 5,016 shares of the company’s stock worth $559,000 after buying an additional 869 shares during the period. Hexavest Inc. increased its position in shares of PepsiCo by 6.7% in the first quarter. Hexavest Inc. now owns 528,825 shares of the company’s stock worth $59,154,000 after buying an additional 33,438 shares during the period. Rothschild Investment Corp IL increased its position in shares of PepsiCo by 1.4% in the first quarter. Rothschild Investment Corp IL now owns 11,857 shares of the company’s stock worth $1,326,000 after buying an additional 159 shares during the period. Moody National Bank Trust Division increased its position in shares of PepsiCo by 1.1% in the first quarter. Moody National Bank Trust Division now owns 25,566 shares of the company’s stock worth $2,860,000 after buying an additional 276 shares during the period. Finally, First Hawaiian Bank purchased a new position in shares of PepsiCo during the first quarter worth about $209,000. Hedge funds and other institutional investors own 70.43% of the company’s stock.
PepsiCo Company Profile
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).
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