Shares of PepsiCo, Inc. (NASDAQ:PEP) have earned a consensus rating of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $117.00.
Several research firms have recently weighed in on PEP. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a report on Monday, August 20th. Guggenheim began coverage on PepsiCo in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price for the company. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. SunTrust Banks upped their price objective on PepsiCo to $110.00 and gave the company a “hold” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Tuesday, September 11th.
In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the transaction, the chief executive officer now owns 130,135 shares in the company, valued at approximately $13,897,116.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Fundsmith Equity Fund L.P. acquired a new position in PepsiCo during the 2nd quarter worth approximately $836,330,000. BlackRock Inc. increased its position in PepsiCo by 5.1% during the 1st quarter. BlackRock Inc. now owns 92,561,144 shares of the company’s stock worth $10,103,049,000 after purchasing an additional 4,496,990 shares during the period. Bank of New York Mellon Corp increased its position in PepsiCo by 20.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,389,677 shares of the company’s stock worth $2,002,085,000 after purchasing an additional 3,115,305 shares during the period. Vontobel Asset Management Inc. increased its position in PepsiCo by 287.8% during the 2nd quarter. Vontobel Asset Management Inc. now owns 2,610,837 shares of the company’s stock worth $291,915,000 after purchasing an additional 1,937,620 shares during the period. Finally, American Century Companies Inc. increased its position in PepsiCo by 51.4% during the 1st quarter. American Century Companies Inc. now owns 4,429,044 shares of the company’s stock worth $483,430,000 after purchasing an additional 1,504,144 shares during the period. Institutional investors own 70.45% of the company’s stock.
PepsiCo stock opened at $105.28 on Wednesday. PepsiCo has a fifty-two week low of $95.94 and a fifty-two week high of $122.51. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $158.12 billion, a PE ratio of 20.13, a PEG ratio of 2.63 and a beta of 0.67.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The business had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. During the same period in the previous year, the business earned $1.48 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that PepsiCo will post 5.69 EPS for the current year.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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