PepsiCo (NASDAQ:PEP) Given New $183.00 Price Target at Barclays

PepsiCo (NASDAQ:PEPFree Report) had its price objective trimmed by Barclays from $186.00 to $183.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently issued reports on the stock. DZ Bank cut shares of PepsiCo from a buy rating to a hold rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. TD Cowen lowered shares of PepsiCo from a buy rating to a hold rating and decreased their target price for the company from $190.00 to $183.00 in a report on Thursday. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a neutral rating and a $174.00 target price on the stock. StockNews.com upgraded shares of PepsiCo from a hold rating to a buy rating in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of Hold and a consensus target price of $183.92.

View Our Latest Stock Report on PEP

PepsiCo Trading Up 1.1 %

Shares of PepsiCo stock opened at $174.81 on Thursday. The company has a market cap of $240.33 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The firm has a 50-day simple moving average of $173.52 and a two-hundred day simple moving average of $172.08. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89. PepsiCo has a fifty-two week low of $157.43 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that PepsiCo will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. Global Wealth Strategies & Associates raised its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Valued Wealth Advisors LLC increased its stake in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC increased its stake in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in PepsiCo in the second quarter valued at $30,000. Finally, Fortis Group Advisors LLC increased its stake in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

(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.

Further Reading

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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