A number of other equities research analysts have also recently commented on PEP. Credit Suisse Group increased their price objective on shares of PepsiCo from $117.00 to $126.00 and gave the company an underperform rating in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price target on shares of PepsiCo and gave the company a buy rating in a report on Thursday, October 3rd. Evercore ISI reiterated a hold rating on shares of PepsiCo in a research report on Sunday, December 15th. Deutsche Bank increased their price target on shares of PepsiCo from $141.00 to $142.00 and gave the company a hold rating in a research report on Tuesday, September 24th. Finally, Citigroup raised their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a neutral rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $135.53.
PepsiCo stock opened at $141.26 on Friday. The business has a 50 day simple moving average of $136.68 and a 200-day simple moving average of $134.66. PepsiCo has a 12 month low of $108.00 and a 12 month high of $141.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The stock has a market capitalization of $196.98 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 3.40 and a beta of 0.53.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 6th were issued a $0.955 dividend. The ex-dividend date was Thursday, December 5th. This represents a $3.82 annualized dividend and a yield of 2.70%. PepsiCo’s dividend payout ratio is currently 67.49%.
Several large investors have recently made changes to their positions in PEP. Vista Private Wealth Partners. LLC acquired a new position in PepsiCo during the 3rd quarter worth $36,000. Cordasco Financial Network lifted its position in shares of PepsiCo by 50.0% during the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 100 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in PepsiCo in the third quarter worth about $44,000. Simon Quick Advisors LLC grew its stake in PepsiCo by 53.9% in the fourth quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock worth $46,000 after purchasing an additional 118 shares in the last quarter. Finally, Fulcrum Capital LLC grew its stake in PepsiCo by 6.0% in the third quarter. Fulcrum Capital LLC now owns 49,732 shares of the company’s stock worth $47,000 after purchasing an additional 2,834 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.
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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