PepsiCo, Inc. (NASDAQ:PEP) Receives $157.87 Consensus Price Target from Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $157.8667.

Several brokerages have recently weighed in on PEP. Citigroup cut their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Barclays reissued a “cautious” rating on shares of PepsiCo in a report on Friday. Wells Fargo & Company cut their price target on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th.

Institutional Trading of PepsiCo

Hedge funds have recently bought and sold shares of the company. Claris Advisors LLC MO lifted its stake in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. lifted its stake in PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC lifted its stake in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in PepsiCo by 2.5% during the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after buying an additional 620 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.2%

PepsiCo stock opened at $141.98 on Friday. The company’s 50-day moving average price is $144.36 and its two-hundred day moving average price is $139.34. The stock has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period last year, the firm posted $2.28 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts expect that PepsiCo will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is 103.64%.

PepsiCo Company Profile

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.