PepsiCo, Inc. (NASDAQ:PEP) Receives $171.47 Consensus PT from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given an average recommendation of “Hold” by the twenty ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $171.47.

PEP has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Finally, UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th.

PepsiCo Stock Down 3.1 %

Shares of NASDAQ:PEP opened at $151.51 on Thursday. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market cap of $207.80 billion, a PE ratio of 21.80, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock’s 50-day moving average is $148.56 and its 200 day moving average is $161.80.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.58%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors have recently bought and sold shares of PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter worth $28,000. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Hedge funds and other 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.