PepsiCo, Inc. (NASDAQ:PEP) Receives $171.47 Average Target Price from Analysts

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $171.47.

A number of equities research analysts have recently issued reports on PEP shares. Barclays reduced their price objective on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new stake in PepsiCo during the third quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth about $31,000. Finally, Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the 3rd 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 currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock traded up $4.40 during midday trading on Thursday, reaching $153.50. 3,637,027 shares of the company's stock were exchanged, compared to its average volume of 6,780,505. PepsiCo has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $210.52 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 3.02 and a beta of 0.54. The stock's 50-day simple moving average is $148.75 and its 200 day simple moving average is $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the company posted $1.78 earnings per share. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that PepsiCo will post 8.31 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

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.