Weekly Research Analysts’ Ratings Changes for PepsiCo (PEP)

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Several analysts have recently updated their ratings and price targets for PepsiCo (NASDAQ: PEP):

  • 1/9/2019 – PepsiCo was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/7/2019 – PepsiCo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue, going ahead. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. However, PepsiCo's robust surprise trend has driven its outperformance compared with the industry in the past year. Earnings topped estimates in the last 11 quarters, while it delivered positive sales surprise in five of the last seven quarters. The improvement is mainly attributable to strong performances in international divisions, propelled by higher revenue growth in developing and emerging markets. Also, the company’s solid snacks division is boosting the performance.”
  • 1/5/2019 – PepsiCo was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/31/2018 – PepsiCo had its “sell” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue through the rest of 2018. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. Further, unfavorable foreign exchange rates are headwinds. However, PepsiCo's shares have outperformed the industry year to date. Moreover, the company posted impressive third-quarter 2018 results, which also marked 11th straight earnings beat. Also, sales outpaced estimates in five of the last seven quarters. Further, strong performances in the company’s international division, propelled by higher revenue growth in developing and emerging markets are encouraging.”
  • 12/18/2018 – PepsiCo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue through the rest of 2018. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. Further, unfavorable foreign exchange rates are headwinds. However, PepsiCo's shares have outperformed the industry year to date. Moreover, the company posted impressive third-quarter 2018 results, which also marked 11th straight earnings beat. Also, sales outpaced estimates in five of the last seven quarters. Further, strong performances in the company’s international division, propelled by higher revenue growth in developing and emerging markets are encouraging.”
  • 12/13/2018 – PepsiCo is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $123.00 price target on the stock.
  • 12/12/2018 – PepsiCo was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/12/2018 – PepsiCo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue through the rest of 2018. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. Further, unfavorable foreign exchange rates are headwinds. However, PepsiCo's shares have outperformed the industry year to date. Moreover, the company posted impressive third-quarter 2018 results, which also marked 11th straight earnings beat. Also, sales outpaced estimates in five of the last seven quarters. Further, strong performances in the company’s international division, propelled by higher revenue growth in developing and emerging markets are encouraging.”
  • 12/1/2018 – PepsiCo was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/28/2018 – PepsiCo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue through the rest of 2018. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. Further, unfavorable foreign exchange rates due to the recent strengthening of the U.S. dollar are likely to hurt the company’s top and bottom lines in 2018. Consequently, the company trimmed adjusted earnings view for 2018. However, PepsiCo surpassed the industry in the past three months driven by its robust surprise trend. Earnings topped estimates in the last 11 quarters, while it delivered positive sales surprise in five of the last seven quarters.”
  • 11/22/2018 – PepsiCo was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PepsiCo's shares have outperformed the industry in the past three months. The company posted impressive third-quarter 2018 results, which marked 11th straight earnings beat. Also, sales outpaced estimates in five of the last seven quarters. Further, strong performances in the company’s international division, propelled by higher revenue growth in developing and emerging markets are encouraging. However, PepsiCo is witnessing strained margins for quite some time due to operating and commodity cost inflation, including higher transportation costs and stepped-up advertising expense. This trend is likely to continue through the rest of 2018. Additionally, consumers’ awareness on health and wellness, alongside new taxes on sugar-sweetened beverages and growing regulatory pressures are affecting CSD sales, which has caused sluggishness in beverage category. Further, unfavorable foreign exchange rates are headwinds.”
  • 11/15/2018 – PepsiCo was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

PepsiCo stock opened at $108.16 on Monday. The company has a market cap of $151.73 billion, a PE ratio of 20.68, a P/E/G ratio of 2.61 and a beta of 0.67. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Friday, December 7th were given a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 6th. PepsiCo’s dividend payout ratio is presently 70.94%.

In related news, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total value of $2,256,719.08. Following the sale, the chief executive officer now owns 35,520 shares in the company, valued at $3,993,158.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Yawman sold 12,024 shares of the business’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now owns 59,133 shares in the company, valued at approximately $6,326,639.67. The disclosure for this sale can be found here. Insiders sold 200,393 shares of company stock worth $22,075,812 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. RB Capital Management LLC boosted its stake in shares of PepsiCo by 14.1% during the second quarter. RB Capital Management LLC now owns 12,474 shares of the company’s stock valued at $1,358,000 after purchasing an additional 1,545 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of PepsiCo by 4.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,175 shares of the company’s stock valued at $3,253,000 after purchasing an additional 1,418 shares during the period. Watch Point Trust Co boosted its stake in shares of PepsiCo by 6.8% during the second quarter. Watch Point Trust Co now owns 20,182 shares of the company’s stock valued at $2,197,000 after purchasing an additional 1,289 shares during the period. Boston Research & Management Inc. boosted its stake in shares of PepsiCo by 4.4% during the second quarter. Boston Research & Management Inc. now owns 35,768 shares of the company’s stock valued at $3,894,000 after purchasing an additional 1,515 shares during the period. Finally, Meyer Handelman Co. boosted its stake in shares of PepsiCo by 0.3% during the second quarter. Meyer Handelman Co. now owns 310,417 shares of the company’s stock valued at $33,795,000 after purchasing an additional 1,032 shares during the period. 70.07% of the stock is owned by institutional investors.

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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