BMO Capital Markets reissued their average rating on shares of PepsiCo (NASDAQ:PEP) in a research report report published on Wednesday morning, The Fly reports. BMO Capital Markets currently has a $128.00 price target on the stock.
PEP has been the topic of several other research reports. Macquarie increased their price target on shares of PepsiCo from $126.00 to $138.00 and gave the stock an outperform rating in a research report on Thursday, April 18th. Wells Fargo & Co began coverage on shares of Semtech in a research report on Tuesday, May 14th. They set an outperform rating and a $48.03 price target on the stock. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Royal Bank of Canada set a GBX 5,200 ($67.95) price target on shares of London Stock Exchange Group and gave the stock a buy rating in a research report on Wednesday, April 24th. Finally, Goldman Sachs Group set a $131.00 price target on shares of Microsoft and gave the stock a buy rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $128.53.
Shares of PepsiCo stock traded down $0.06 during trading hours on Wednesday, hitting $134.35. 3,846,753 shares of the company’s stock traded hands, compared to its average volume of 4,837,682. The stock has a 50 day moving average of $131.79. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. The stock has a market cap of $188.42 billion, a P/E ratio of 23.74, a PEG ratio of 3.45 and a beta of 0.60. PepsiCo has a twelve month low of $104.53 and a twelve month high of $135.24.
PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The company had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. During the same period last year, the firm earned $1.61 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo will post 5.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.84%. PepsiCo’s dividend payout ratio is currently 67.49%.
In other PepsiCo news, SVP Marie T. Gallagher sold 7,800 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $125.99, for a total value of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares of the company’s stock, valued at $7,013,233.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the transaction, the chairman now directly owns 232,394 shares in the company, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. Insiders sold 48,494 shares of company stock worth $6,173,705 in the last three months. 0.28% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. HC Financial Advisors Inc. raised its holdings in shares of PepsiCo by 4.2% during the third quarter. HC Financial Advisors Inc. now owns 8,967 shares of the company’s stock valued at $1,003,000 after buying an additional 363 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of PepsiCo by 1.3% during the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after acquiring an additional 296 shares during the period. Lau Associates LLC increased its stake in shares of PepsiCo by 7.6% during the fourth quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock valued at $6,348,000 after acquiring an additional 4,035 shares during the period. Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of PepsiCo by 0.8% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock valued at $3,227,000 after acquiring an additional 207 shares during the period. Finally, Meritage Portfolio Management increased its stake in shares of PepsiCo by 4.3% during the fourth quarter. Meritage Portfolio Management now owns 5,149 shares of the company’s stock valued at $569,000 after acquiring an additional 210 shares during the period. 70.83% of the stock is currently owned by hedge funds and other institutional investors.
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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