PepsiCo Inc. (PEP) Lifted to Strong-Buy at Vetr Inc.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised PepsiCo from a hold rating to a buy rating and set a $116.00 target price on the stock in a report on Monday. Bank of America Corp. reaffirmed a buy rating and issued a $120.00 price objective on shares of PepsiCo in a report on Thursday, September 22nd. Credit Suisse Group AG started coverage on PepsiCo in a report on Thursday, September 15th. They issued an outperform rating and a $121.00 price objective on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $120.00 price objective on shares of PepsiCo in a report on Monday, October 3rd. Finally, Jefferies Group reaffirmed a buy rating and issued a $122.00 price objective (down from $124.00) on shares of PepsiCo in a report on Friday, September 30th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $113.77.
PepsiCo (NYSE:PEP) opened at 101.62 on Tuesday. The company has a market capitalization of $145.74 billion, a PE ratio of 22.29 and a beta of 0.54. The firm’s 50 day moving average price is $106.02 and its 200-day moving average price is $105.89. PepsiCo has a one year low of $93.25 and a one year high of $110.94.
PepsiCo (NYSE:PEP) last posted its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. The business had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share. Equities analysts forecast that PepsiCo will post $4.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.96%. PepsiCo’s dividend payout ratio (DPR) is currently 66.01%.
Hedge funds have recently modified their holdings of the company. TimesSquare Capital Management LLC purchased a new stake in shares of PepsiCo during the first quarter valued at about $3,759,000. Palisade Capital Management LLC NJ raised its stake in shares of PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock valued at $333,000 after buying an additional 11 shares during the last quarter. Shufro Rose & Co. LLC raised its stake in shares of PepsiCo by 13.0% in the first quarter. Shufro Rose & Co. LLC now owns 7,100 shares of the company’s stock valued at $728,000 after buying an additional 815 shares during the last quarter. Monetary Management Group Inc. raised its stake in shares of PepsiCo by 5.6% in the first quarter. Monetary Management Group Inc. now owns 41,345 shares of the company’s stock valued at $4,237,000 after buying an additional 2,200 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of PepsiCo during the first quarter valued at about $840,000. Institutional investors and hedge funds own 69.99% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
To view Vetr’s full report, visit Vetr’s official website.
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