BNP Paribas Cuts PepsiCo (NASDAQ:PEP) Price Target to $160.00

PepsiCo (NASDAQ:PEP - Free Report) had its price objective trimmed by BNP Paribas from $162.00 to $160.00 in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.

PEP has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday. They set a $172.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $171.76.

PepsiCo Price Performance

NASDAQ PEP traded up $1.73 during mid-day trading on Tuesday, hitting $145.22. The stock had a trading volume of 5,720,643 shares, compared to its average volume of 6,819,082. The firm's 50 day moving average is $152.49 and its 200 day moving average is $164.53. PepsiCo has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market capitalization of $199.23 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same period last year, the business posted $1.78 EPS. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, December 6th. PepsiCo's payout ratio is presently 79.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at $28,000. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the third quarter worth $31,000. Finally, Rakuten Securities Inc. boosted its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after acquiring an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Company Profile

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.