PepsiCo (NASDAQ:PEP) Given “Hold” Rating at SunTrust Banks

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SunTrust Banks reiterated their hold rating on shares of PepsiCo (NASDAQ:PEP) in a research report released on Wednesday, The Fly reports. SunTrust Banks currently has a $125.00 price objective on the stock. SunTrust Banks also issued estimates for PepsiCo’s Q3 2019 earnings at $1.49 EPS, Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $5.50 EPS, Q1 2020 earnings at $1.07 EPS, Q2 2020 earnings at $1.66 EPS, Q3 2020 earnings at $1.64 EPS, Q4 2020 earnings at $1.56 EPS and FY2021 earnings at $6.35 EPS.

A number of other analysts have also commented on PEP. Deutsche Bank lifted their price target on shares of Las Vegas Sands from $60.00 to $69.00 and gave the stock a hold rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. BMO Capital Markets lowered shares of GLENCORE PLC/ADR from an outperform rating to a market perform rating in a research note on Wednesday. BidaskClub upgraded shares of Xilinx from a hold rating to a buy rating in a research note on Saturday, June 29th. Morgan Stanley reiterated an overweight rating and issued a $137.00 price target (up from $130.00) on shares of PepsiCo in a research note on Thursday, April 18th. Finally, Argus reiterated a buy rating on shares of PepsiCo in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. PepsiCo currently has an average rating of Hold and a consensus price target of $128.53.

NASDAQ:PEP opened at $133.28 on Wednesday. The company has a market cap of $186.35 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 3.46 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.75 and a current ratio of 0.86. PepsiCo has a fifty-two week low of $104.53 and a fifty-two week high of $135.24. The company’s 50-day moving average price is $131.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $16.45 billion during the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. PepsiCo’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.61 EPS. Sell-side analysts anticipate that PepsiCo will post 5.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s payout ratio is 67.49%.

In related news, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares of the company’s stock, valued at $7,356,534. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now directly owns 55,665 shares in the company, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. In the last three months, insiders sold 50,914 shares of company stock worth $6,497,864. 0.28% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of PEP. Evolution Wealth Advisors LLC purchased a new position in PepsiCo during the second quarter valued at approximately $27,000. Horan Securities Inc. lifted its holdings in PepsiCo by 460.0% during the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $39,000. Financial Gravity Companies Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $41,000. Finally, Thor Advisors LLC purchased a new position in PepsiCo during the first quarter valued at approximately $70,000. 70.83% of the stock is currently owned by institutional investors.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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