Vetr upgraded shares of PepsiCo Inc. (NYSE:PEP) from a buy rating to a strong-buy rating in a research note published on Tuesday morning. Vetr currently has $113.72 price target on the stock.

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.

5 Day Chart for NYSE:PEP

To view Vetr’s full report, visit Vetr’s official website.

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