PepsiCo (NASDAQ:PEP) Price Target Raised to $132.00 at UBS Group

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PepsiCo (NASDAQ:PEP) had its price target upped by UBS Group from $130.00 to $132.00 in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently issued reports on PEP. BMO Capital Markets downgraded GLENCORE PLC/ADR from an outperform rating to a market perform rating in a research note on Wednesday. Argus reaffirmed a buy rating on shares of PepsiCo in a research note on Thursday, April 18th. Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on London Stock Exchange Group and gave the company a buy rating in a research note on Wednesday, April 24th. BidaskClub raised Xilinx from a hold rating to a buy rating in a research note on Saturday, June 29th. Finally, Macquarie upped their price objective on PepsiCo from $126.00 to $138.00 and gave the company an outperform rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $128.53.

PepsiCo stock opened at $133.28 on Wednesday. The firm has a 50 day moving average price of $131.86. PepsiCo has a 1 year low of $104.53 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.75. The firm has a market capitalization of $186.35 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.46 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The company had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo will post 5.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 67.49%.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The disclosure for this sale can be found here. Insiders have sold a total of 50,914 shares of company stock valued at $6,497,864 in the last three months. Insiders own 0.28% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Evolution Wealth Advisors LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Horan Securities Inc. boosted its holdings in shares of PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after buying an additional 230 shares in the last quarter. 1 North Wealth Services LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $39,000. Financial Gravity Companies Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $41,000. Finally, Thor Advisors LLC bought a new position in shares of PepsiCo during the 1st quarter worth approximately $70,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.

About PepsiCo

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.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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