PepsiCo, Inc. (NASDAQ:PEP) Receives $169.58 Consensus Target Price from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEP) have received an average recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $167.35.

PEP has been the topic of a number of research analyst reports. Piper Sandler cut their target price on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group dropped their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company dropped their target price on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Finally, Argus upgraded shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th.

Institutional Trading of PepsiCo

A number of large investors have recently modified their holdings of PEP. Evergreen Advisors LLC acquired a new position in PepsiCo during the 1st quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $29,000. Finally, Imprint Wealth LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0%

Shares of PEP opened at $144.62 on Wednesday. The company’s 50-day moving average price is $150.68 and its 200 day moving average price is $152.40. PepsiCo has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The firm has a market cap of $197.66 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business earned $1.48 earnings per share. On average, sell-side analysts forecast that PepsiCo will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.