Shares of PepsiCo, Inc. (NASDAQ:PEP) have earned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $123.38.
Several research analysts have issued reports on the company. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a research note on Friday, December 22nd. Royal Bank of Canada reissued a “hold” rating on shares of PepsiCo in a research note on Sunday, November 12th. Deutsche Bank initiated coverage on PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. Finally, Jefferies Group reissued a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a research note on Thursday, January 4th.
PepsiCo (PEP) traded down $0.40 during trading hours on Friday, reaching $118.27. The company’s stock had a trading volume of 983,124 shares, compared to its average volume of 3,977,178. PepsiCo has a 12-month low of $104.53 and a 12-month high of $122.51. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market cap of $168,765.70, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 1st were paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, November 30th. PepsiCo’s payout ratio is presently 66.53%.
A number of institutional investors have recently modified their holdings of PEP. Harel Insurance Investments & Financial Services Ltd. increased its holdings in PepsiCo by 233.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after purchasing an additional 1,050 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in PepsiCo during the 4th quarter worth about $197,000. First National Bank of Mount Dora Trust Investment Services bought a new position in PepsiCo during the 4th quarter worth about $201,000. Round Table Services LLC bought a new position in PepsiCo during the 4th quarter worth about $201,000. Finally, Cortland Associates Inc. MO bought a new position in PepsiCo during the 4th quarter worth about $206,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.
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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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