PepsiCo (NASDAQ:PEP) had its price objective increased by Morgan Stanley from $137.00 to $143.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. Morgan Stanley currently has an overweight rating on the stock.
PEP has been the subject of a number of other research reports. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Deutsche Bank lifted their price target on Las Vegas Sands from $60.00 to $69.00 and gave the company a hold rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. SunTrust Banks reiterated a hold rating and set a $125.00 price target on shares of PepsiCo in a research report on Wednesday. UBS Group lifted their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a research report on Wednesday. Finally, Bank of America set a $25.00 price target on Levi Strauss & Co. and gave the company a hold rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. PepsiCo currently has a consensus rating of Hold and an average price target of $128.53.
Shares of NASDAQ PEP opened at $133.28 on Wednesday. PepsiCo has a 52 week low of $104.53 and a 52 week high of $135.24. The business has a 50-day moving average of $131.86. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97. The company has a market cap of $186.35 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.46 and a beta of 0.60.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The firm had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. On average, equities research analysts predict that PepsiCo will post 5.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s payout ratio is 67.49%.
In related news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the sale, the senior vice president now owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. Insiders sold a total of 50,914 shares of company stock valued at $6,497,864 in the last 90 days. 0.28% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in PEP. First Command Bank increased its stake in PepsiCo by 1.0% in the 2nd quarter. First Command Bank now owns 9,440 shares of the company’s stock worth $1,238,000 after purchasing an additional 95 shares during the period. Stockman Wealth Management Inc. increased its stake in PepsiCo by 0.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after purchasing an additional 100 shares during the period. Signet Financial Management LLC increased its stake in PepsiCo by 3.7% in the 4th quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock worth $312,000 after purchasing an additional 100 shares during the period. Telos Capital Management Inc. increased its stake in PepsiCo by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock worth $3,760,000 after purchasing an additional 101 shares during the period. Finally, Whitnell & Co. increased its stake in PepsiCo by 0.4% in the 4th quarter. Whitnell & Co. now owns 26,335 shares of the company’s stock worth $2,909,000 after purchasing an additional 103 shares during the period. Institutional investors own 70.83% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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