PepsiCo (NASDAQ:PEP - Free Report) had its price objective raised by JPMorgan Chase & Co. from $158.00 to $159.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $165.50.
Check Out Our Latest Analysis on PEP
PepsiCo Trading Down 4.9 %
PEP traded down $6.95 during mid-day trading on Monday, reaching $135.31. The stock had a trading volume of 15,554,626 shares, compared to its average volume of 6,144,983. The stock has a market capitalization of $185.55 billion, a P/E ratio of 19.47, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo has a 52 week low of $134.58 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's fifty day simple moving average is $148.07 and its two-hundred day simple moving average is $154.40.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. On average, equities analysts predict that PepsiCo will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.01%. PepsiCo's payout ratio is presently 77.99%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth $28,000. Collier Financial bought a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $31,000. 73.07% of the stock is currently owned by institutional investors.
About PepsiCo
(
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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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