Pepsico, Inc. (PEP) Given Consensus Recommendation of “Buy” by Analysts
Shares of Pepsico, Inc. (NYSE:PEP) have received a consensus rating of “Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $123.30.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, August 22nd. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price objective (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Credit Suisse Group upped their price objective on Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a report on Friday, June 30th.
In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly owns 733,315 shares in the company, valued at approximately $85,387,198.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the sale, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 898,164 shares of company stock worth $104,585,929. Company insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Koshinski Asset Management Inc. boosted its stake in Pepsico by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after purchasing an additional 265 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Pepsico by 13.3% during the 1st quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock valued at $161,137,000 after purchasing an additional 169,049 shares during the last quarter. Westpac Banking Corp boosted its stake in Pepsico by 7.8% during the 1st quarter. Westpac Banking Corp now owns 209,821 shares of the company’s stock valued at $22,373,000 after purchasing an additional 15,215 shares during the last quarter. Wright Investors Service Inc. boosted its stake in Pepsico by 69.2% during the 2nd quarter. Wright Investors Service Inc. now owns 22,280 shares of the company’s stock valued at $2,573,000 after purchasing an additional 9,110 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in Pepsico by 80.4% during the 2nd quarter. Gilbert & Cook Inc. now owns 4,744 shares of the company’s stock valued at $548,000 after purchasing an additional 2,115 shares during the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.
Pepsico (NYSE:PEP) traded down 0.19% during mid-day trading on Friday, reaching $111.43. The company had a trading volume of 5,122,348 shares. Pepsico has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a 50 day moving average price of $116.31 and a 200-day moving average price of $114.69. The stock has a market capitalization of $158.84 billion, a P/E ratio of 23.60 and a beta of 0.68. Pepsico also was the target of unusually large options trading on Wednesday. Investors acquired 1,176 call options on the company. This represents an increase of 536% compared to the typical daily volume of 185 call options.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period in the prior year, the company earned $1.35 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Pepsico will post $5.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.89%. Pepsico’s dividend payout ratio is 68.22%.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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