PepsiCo (NASDAQ:PEP) PT Raised to $185.00 at Barclays

PepsiCo (NASDAQ:PEP) had its price target boosted by Barclays from $184.00 to $185.00 in a research note published on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

PEP has been the subject of several other research reports. Citigroup upgraded shares of PepsiCo from a neutral rating to a buy rating and boosted their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada restated a sector perform rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an equal weight rating to an overweight rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Wedbush restated an outperform rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a hold rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $187.42.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ:PEP traded down $0.52 during trading hours on Thursday, hitting $176.16. The company’s stock had a trading volume of 2,581,734 shares, compared to its average volume of 5,830,987. PepsiCo has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a market capitalization of $242.18 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.80 and a beta of 0.53. The firm’s fifty day moving average price is $169.22 and its 200 day moving average price is $167.76.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that PepsiCo will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Fortis Group Advisors LLC increased its position in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Life Planning Partners Inc acquired a new stake in PepsiCo during the fourth quarter worth about $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo during the first quarter worth about $35,000. Finally, Naples Money Management LLC acquired a new stake in PepsiCo during the fourth quarter worth about $36,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.