Shares of Pepsico, Inc. (NASDAQ:PEP) have earned an average rating of “Buy” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $122.05.
PEP has been the topic of several research analyst reports. Cowen restated a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Royal Bank of Canada restated a “hold” rating on shares of Pepsico in a research report on Sunday, November 12th. Macquarie initiated coverage on shares of Pepsico in a research report on Thursday, September 14th. They issued an “outperform” rating and a $125.00 price target on the stock. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, October 31st. Finally, Deutsche Bank initiated coverage on shares of Pepsico in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock.
In related news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.
Pepsico (NASDAQ:PEP) traded up $0.34 during midday trading on Monday, reaching $118.67. 2,714,100 shares of the company’s stock traded hands, compared to its average volume of 3,562,800. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The firm has a market cap of $167,490.00, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68. Pepsico has a 52 week low of $101.06 and a 52 week high of $120.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s payout ratio is 66.53%.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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