Analysts Set PepsiCo, Inc. (NASDAQ:PEP) PT at $169.88

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $169.88.

A number of equities research analysts have issued reports on the company. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Perkins Coie Trust Co increased its position in shares of PepsiCo by 0.3% in the first quarter. Perkins Coie Trust Co now owns 32,642 shares of the company’s stock worth $4,894,000 after acquiring an additional 104 shares in the last quarter. Piscataqua Savings Bank grew its position in PepsiCo by 2.0% during the 1st quarter. Piscataqua Savings Bank now owns 8,450 shares of the company’s stock worth $1,267,000 after purchasing an additional 165 shares in the last quarter. Godsey & Gibb Inc. raised its stake in PepsiCo by 10.9% during the 1st quarter. Godsey & Gibb Inc. now owns 130,283 shares of the company’s stock valued at $19,535,000 after purchasing an additional 12,789 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of PepsiCo by 10.3% in the first quarter. Gateway Investment Advisers LLC now owns 353,082 shares of the company’s stock valued at $52,941,000 after purchasing an additional 33,046 shares in the last quarter. Finally, KFG Wealth Management LLC boosted its position in shares of PepsiCo by 15.0% in the first quarter. KFG Wealth Management LLC now owns 5,586 shares of the company’s stock worth $838,000 after buying an additional 730 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ:PEP opened at $144.43 on Friday. PepsiCo has a 1-year low of $138.33 and a 1-year high of $183.41. The company’s fifty day moving average is $148.37 and its two-hundred day moving average is $155.68. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $198.06 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo Company Profile

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.