Brokerages Set PepsiCo, Inc. (NASDAQ:PEP) Target Price at $184.31

PepsiCo, Inc. (NASDAQ:PEP) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $184.31.

Several analysts recently commented on PEP shares. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $190.00 to $183.00 in a report on Thursday, October 10th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th.

PepsiCo Stock Down 0.4 %

Shares of PepsiCo stock opened at $149.65 on Wednesday. PepsiCo has a 12 month low of $149.56 and a 12 month high of $183.41. The business has a fifty day simple moving average of $159.51 and a 200 day simple moving average of $167.26. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a market cap of $205.32 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 EPS. Research analysts predict that PepsiCo will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.62%. PepsiCo’s dividend payout ratio is presently 79.94%.

Hedge Funds Weigh In On PepsiCo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. raised its stake in PepsiCo by 48.2% in the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock valued at $8,529,000 after acquiring an additional 18,250 shares during the period. Versant Capital Management Inc raised its position in shares of PepsiCo by 22.6% in the fourth quarter. Versant Capital Management Inc now owns 4,323 shares of the company’s stock valued at $657,000 after purchasing an additional 797 shares during the period. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 145.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after buying an additional 231 shares during the last quarter. SK Wealth Management LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth about $384,000. Finally, Independent Solutions Wealth Management LLC grew its stake in PepsiCo by 27.2% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 3,361 shares of the company’s stock valued at $572,000 after buying an additional 719 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

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.