Brokerages Set PepsiCo, Inc. (NASDAQ:PEP) Target Price at $170.59

Shares of PepsiCo, Inc. (NASDAQ:PEP) have received a consensus recommendation of “Hold” from the twenty research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $169.88.

A number of equities research analysts have recently issued reports on PEP shares. UBS Group cut their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $168.00 to $156.00 in a report on Tuesday. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th.

PepsiCo Stock Down 0.6 %

PEP stock opened at $148.11 on Monday. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a market cap of $203.13 billion, a PE ratio of 21.31, a P/E/G ratio of 3.09 and a beta of 0.52. The firm has a 50 day simple moving average of $148.97 and a 200 day simple moving average of $159.50. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

Institutional Trading of PepsiCo

Several large investors have recently added to or reduced their stakes in PEP. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

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.