Several other research analysts have also weighed in on the stock. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 11th. Cowen boosted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Deutsche Bank boosted their target price on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Atlantic Securities assumed coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. Finally, UBS Group lifted their price target on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $135.53.
Shares of NASDAQ:PEP traded down $0.48 during mid-day trading on Thursday, reaching $133.96. The company had a trading volume of 47,165 shares, compared to its average volume of 3,030,397. PepsiCo has a one year low of $105.03 and a one year high of $140.45. The firm has a market cap of $188.47 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 3.51 and a beta of 0.56. 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 company’s 50-day moving average price is $136.59 and its 200-day moving average price is $132.50.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. The business had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. PepsiCo’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS. On average, research analysts anticipate that PepsiCo will post 5.5 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of PepsiCo by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after purchasing an additional 838,652 shares in the last quarter. BlackRock Inc. grew its position in shares of PepsiCo by 1.4% in the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares during the last quarter. Northern Trust Corp grew its position in shares of PepsiCo by 0.7% in the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after purchasing an additional 143,784 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of PepsiCo by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock valued at $2,607,480,000 after purchasing an additional 378,960 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of PepsiCo by 1.1% in the second quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock valued at $1,450,090,000 after purchasing an additional 117,564 shares during the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.
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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