Analysts’ Recent Ratings Updates for PepsiCo (PEP)

PepsiCo (NASDAQ: PEP) recently received a number of ratings updates from brokerages and research firms:

• 7/12/2024 – PepsiCo had its price target lowered by analysts at Royal Bank of Canada from $180.00 to $177.00. They now have a “sector perform” rating on the stock.
• 7/12/2024 – PepsiCo had its price target lowered by analysts at Morgan Stanley from $190.00 to $185.00. They now have an “overweight” rating on the stock.
• 7/12/2024 – PepsiCo had its price target lowered by analysts at Barclays PLC from $180.00 to $179.00. They now have an “overweight” rating on the stock.
• 7/12/2024 – PepsiCo had its price target lowered by analysts at JPMorgan Chase & Co. from $184.00 to $182.00. They now have a “neutral” rating on the stock.
• 7/10/2024 – PepsiCo had its price target lowered by analysts at Wells Fargo & Company from $175.00 to $170.00. They now have an “equal weight” rating on the stock.
• 7/9/2024 – PepsiCo had its price target lowered by analysts at Jefferies Financial Group Inc. from $210.00 to $200.00. They now have a “buy” rating on the stock.
• 7/8/2024 – PepsiCo had its price target lowered by analysts at Bank of America Co. from $210.00 to $190.00. They now have a “buy” rating on the stock.
• 7/3/2024 – PepsiCo had its price target lowered by analysts at TD Cowen from $200.00 to $190.00. They now have a “buy” rating on the stock.
• 6/26/2024 – PepsiCo had its price target raised by analysts at JPMorgan Chase & Co. from $181.00 to $184.00. They now have a “neutral” rating on the stock.
• 6/24/2024 – PepsiCo is now covered by analysts at BNP Paribas. They set a “neutral” rating and a $174.00 price target on the stock.
• 6/12/2024 – PepsiCo had its price target lowered by analysts at Barclays PLC from $185.00 to $180.00. They now have an “overweight” rating on the stock.

PepsiCo Trading Up 0.5 %

Shares of NASDAQ PEP traded up $0.90 on Tuesday, reaching $164.76. 4,074,539 shares of the company traded hands, compared to its average volume of 5,515,497. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The company has a 50 day moving average of $170.69 and a 200 day moving average of $169.95. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $226.31 billion, a PE ratio of 23.91, a P/E/G ratio of 2.89 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a return on equity of 57.86% and a net margin of 10.34%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s payout ratio is 78.66%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Valued Wealth Advisors LLC lifted its position in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Fortis Group Advisors LLC raised its position in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new stake in PepsiCo during the fourth quarter valued at about $34,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo during the first quarter valued at about $35,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.