PepsiCo, Inc. (NASDAQ:PEP) Receives $169.88 Average Price Target from Brokerages

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) has been given an average rating of "Hold" by the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $169.88.

Several equities research analysts have recently issued reports on PEP shares. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price for the company.

Institutional Trading of PepsiCo

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Norges Bank bought a new position in shares of PepsiCo during the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp grew its stake in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

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PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $0.78 during midday trading on Friday, hitting $145.21. 397,599 shares of the company's stock were exchanged, compared to its average volume of 6,066,657. PepsiCo has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market cap of $199.13 billion, a P/E ratio of 20.89, a PEG ratio of 3.09 and a beta of 0.49. The stock's 50 day moving average price is $148.37 and its 200-day moving average price is $155.68.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Equities research analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.73%. PepsiCo's payout ratio is 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.