PepsiCo, Inc. (NASDAQ:PEP) has been given an average recommendation of “Hold” by the twenty research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $116.00.
Several brokerages recently weighed in on PEP. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a report on Wednesday, November 14th. Finally, UBS Group began coverage on PepsiCo in a report on Thursday, December 13th. They set a “neutral” rating and a $123.00 price target for the company.
Shares of PEP traded up $0.52 during mid-day trading on Tuesday, reaching $113.49. 135,201 shares of the company’s stock were exchanged, compared to its average volume of 5,217,970. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The firm has a market cap of $159.56 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.78 and a beta of 0.62. PepsiCo has a 52-week low of $95.94 and a 52-week high of $122.00.
Institutional investors have recently added to or reduced their stakes in the business. Highwater Wealth Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $28,000. Horan Securities Inc. increased its position in PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC purchased a new stake in PepsiCo during the 4th quarter worth about $39,000. Financial Gravity Companies Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $41,000. Finally, Sound Income Strategies LLC increased its position in PepsiCo by 50.8% during the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after purchasing an additional 201 shares in the last quarter. 72.59% of the stock is owned by institutional investors.
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.
See Also: Price to Earnings Ratio (PE)
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