PepsiCo (NASDAQ:PEP) PT Lowered to $186.00 at Barclays

PepsiCo (NASDAQ:PEP) had its price target decreased by Barclays from $187.00 to $186.00 in a research report report published on Friday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on PEP. TD Cowen reduced their price objective on shares of PepsiCo from $200.00 to $190.00 and set a buy rating on the stock in a research report on Wednesday, July 3rd. Bank of America decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set a buy rating on the stock in a research note on Monday, September 30th. Morgan Stanley lowered PepsiCo from an overweight rating to an equal weight rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Wells Fargo & Company decreased their target price on PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Finally, BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They issued a neutral rating and a $174.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of Hold and an average target price of $185.29.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $167.97 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo has a 1 year low of $155.83 and a 1 year high of $183.41. The firm has a fifty day moving average price of $173.80 and a 200-day moving average price of $172.11. The stock has a market cap of $230.72 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% 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 previous year, the business earned $2.09 earnings per share. Equities analysts anticipate that PepsiCo will post 8.13 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

Hedge Funds Weigh In On PepsiCo

Hedge funds have recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. Global Wealth Strategies & Associates boosted its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the period. POM Investment Strategies LLC grew its position in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in PepsiCo in the second quarter worth $30,000. Finally, Fortis Group Advisors LLC boosted its stake in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. 73.07% of the stock is currently owned by institutional investors.

About PepsiCo

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.