PepsiCo (NASDAQ:PEP) Price Target Lowered to $200.00 at Jefferies Financial Group

PepsiCo (NASDAQ:PEP) had its price target lowered by Jefferies Financial Group from $210.00 to $200.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

PEP has been the subject of a number of other research reports. Wedbush reiterated an outperform rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus cut shares of PepsiCo from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Bank of America dropped their target price on shares of PepsiCo from $210.00 to $190.00 and set a buy rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a neutral rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley upgraded shares of PepsiCo from an equal weight rating to an overweight rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $186.00.

PepsiCo Trading Up 0.2 %

Shares of PEP stock opened at $163.95 on Tuesday. PepsiCo has a 52-week low of $155.83 and a 52-week high of $192.38. The stock has a market cap of $225.40 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.84 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a fifty day moving average of $171.12 and a 200-day moving average of $169.99.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the prior year, the company posted $2.09 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Institutional Trading of PepsiCo

Hedge funds have recently modified their holdings of the company. Strategy Asset Managers LLC raised its holdings in PepsiCo by 0.9% during the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock worth $1,161,000 after buying an additional 57 shares during the period. Amplius Wealth Advisors LLC raised its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the period. SYM FINANCIAL Corp raised its holdings in shares of PepsiCo by 2.7% in the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after purchasing an additional 61 shares during the last quarter. Finally, Clearwater Capital Advisors LLC raised its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after purchasing an additional 61 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.