Shares of PepsiCo (NASDAQ:PEP) have earned an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $123.04.
A number of research analysts have issued reports on the company. Goldman Sachs reissued a “sell” rating on shares of PepsiCo in a report on Tuesday. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. SunTrust Banks cut their price objective on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. JPMorgan Chase cut their price objective on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. Finally, Jefferies Group reissued a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a report on Tuesday, February 13th.
Several institutional investors have recently bought and sold shares of PEP. Wagner Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $109,000. Certified Advisory Corp bought a new position in shares of PepsiCo during the 4th quarter valued at about $134,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at about $140,000. Avestar Capital LLC bought a new position in shares of PepsiCo during the 4th quarter valued at about $154,000. Finally, Rational Advisors LLC bought a new position in shares of PepsiCo during the 4th quarter valued at about $168,000. Institutional investors own 70.91% of the company’s stock.
PEP stock traded down $0.64 during midday trading on Wednesday, hitting $108.23. The stock had a trading volume of 1,118,373 shares, compared to its average volume of 4,416,492. The stock has a market cap of $156,025.39, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. PepsiCo has a 52 week low of $105.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.37.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. The firm had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. equities research analysts anticipate that PepsiCo will post 5.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given a $0.805 dividend. The ex-dividend date was Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.98%. PepsiCo’s payout ratio is 61.57%.
PepsiCo announced that its Board of Directors has approved a share buyback program on Tuesday, February 13th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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