PepsiCo, Inc. (NASDAQ:PEP) has been given an average rating of “Hold” by the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $135.53.

Several research firms have weighed in on PEP. BidaskClub cut shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lifted their price target on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets reiterated a “market perform” rating and set a $133.00 price target (up previously from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Finally, Atlantic Securities initiated coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 price target for the company.

In related news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Marietta Wealth Management LLC boosted its stake in PepsiCo by 3.6% during the 2nd quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock worth $2,904,000 after acquiring an additional 763 shares during the last quarter. AQR Capital Management LLC boosted its stake in PepsiCo by 27.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after acquiring an additional 754,455 shares during the last quarter. AE Wealth Management LLC lifted its stake in PepsiCo by 72.6% in the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock valued at $8,511,000 after buying an additional 27,302 shares in the last quarter. Assetmark Inc. lifted its stake in PepsiCo by 19.0% in the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after buying an additional 864 shares in the last quarter. Finally, CenturyLink Investment Management Co lifted its stake in PepsiCo by 41.5% in the second quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock valued at $2,330,000 after buying an additional 5,209 shares in the last quarter. 71.67% of the stock is currently owned by institutional investors and hedge funds.

PEP opened at $136.25 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $190.98 billion, a PE ratio of 24.07, a PEG ratio of 3.56 and a beta of 0.56. PepsiCo has a 1-year low of $105.03 and a 1-year high of $140.45. The firm has a 50-day moving average price of $136.67 and a two-hundred day moving average price of $131.20.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. On average, research analysts predict that PepsiCo will post 5.5 EPS for the current year.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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