PepsiCo, Inc. (NASDAQ:PEP) Given Consensus Rating of “Hold” by Brokerages
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.
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.
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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