PepsiCo (NASDAQ:PEP) Shares Up 0.4%

PepsiCo, Inc. (NASDAQ:PEPGet Free Report) was up 0.4% on Thursday . The stock traded as high as $172.68 and last traded at $172.62. Approximately 704,673 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 5,989,577 shares. The stock had previously closed at $171.86.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEP. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.77.

View Our Latest Report on PEP

PepsiCo Stock Down 0.2 %

The stock has a market capitalization of $236.43 billion, a PE ratio of 26.18, a PEG ratio of 2.70 and a beta of 0.53. The firm’s fifty day moving average is $167.63 and its 200-day moving average is $168.12. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PEP. Moneta Group Investment Advisors LLC lifted its position in PepsiCo by 95,514.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Norges Bank bought a new stake in shares of PepsiCo during the 4th quarter worth about $2,686,139,000. Morgan Stanley raised its position in shares of PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after buying an additional 3,026,611 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of PepsiCo by 28.9% in the 4th quarter. Legal & General Group Plc now owns 12,942,759 shares of the company’s stock worth $2,198,199,000 after purchasing an additional 2,903,875 shares in the last quarter. 71.40% of the stock is owned by institutional investors and hedge funds.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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