PepsiCo (NASDAQ:PEP) had its price objective reduced by JPMorgan Chase & Co. from $127.00 to $124.00 in a research note issued to investors on Wednesday. They currently have an overweight rating on the stock.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of PepsiCo from a buy rating to a hold rating in a report on Thursday, January 11th. Stifel Nicolaus restated a hold rating and issued a $120.00 price objective on shares of PepsiCo in a report on Friday, December 22nd. Jefferies Group restated a hold rating and issued a $113.00 price objective on shares of PepsiCo in a report on Tuesday. Zacks Investment Research upgraded shares of PepsiCo from a sell rating to a hold rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada restated a hold rating on shares of PepsiCo in a report on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $123.04.
Shares of PepsiCo (PEP) opened at $109.11 on Wednesday. PepsiCo has a 1 year low of $104.77 and a 1 year high of $122.51. The stock has a market cap of $159,228.48, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.93 and a beta of 0.62. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.21 and a current ratio of 1.51.
PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. PepsiCo’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. equities research analysts anticipate that PepsiCo will post 5.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, March 1st. PepsiCo’s payout ratio is 95.55%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockland Trust Co. increased its position in PepsiCo by 2.7% during the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock valued at $17,495,000 after purchasing an additional 3,876 shares during the period. LGT Capital Partners LTD. increased its position in PepsiCo by 2.2% during the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock valued at $21,316,000 after purchasing an additional 3,780 shares during the period. First American Trust FSB increased its position in PepsiCo by 12.3% during the 4th quarter. First American Trust FSB now owns 70,784 shares of the company’s stock valued at $8,489,000 after purchasing an additional 7,766 shares during the period. Windward Capital Management Co. CA increased its position in PepsiCo by 2.7% during the 4th quarter. Windward Capital Management Co. CA now owns 129,819 shares of the company’s stock valued at $15,568,000 after purchasing an additional 3,471 shares during the period. Finally, Patriot Wealth Management Inc. increased its position in PepsiCo by 1.5% during the 4th quarter. Patriot Wealth Management Inc. now owns 41,517 shares of the company’s stock valued at $4,979,000 after purchasing an additional 610 shares during the period. 70.03% of the stock is currently owned by institutional investors.
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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