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

Shares of PepsiCo, Inc. (NASDAQ:PEP) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $182.29.

Several equities analysts have recently commented on PEP shares. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

Institutional Trading of PepsiCo

A number of hedge funds have recently modified their holdings of PEP. Rhumbline Advisers increased its stake in PepsiCo by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 2,854,979 shares of the company’s stock valued at $470,872,000 after buying an additional 47,317 shares during the period. RWC Asset Management LLP boosted its position in PepsiCo by 0.4% during the second quarter. RWC Asset Management LLP now owns 205,735 shares of the company’s stock valued at $33,932,000 after purchasing an additional 793 shares during the last quarter. Allegheny Financial Group LTD increased its position in PepsiCo by 46.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 5,000 shares of the company’s stock worth $825,000 after purchasing an additional 1,577 shares during the last quarter. Capital Square LLC raised its stake in shares of PepsiCo by 18.5% during the 2nd quarter. Capital Square LLC now owns 1,395 shares of the company’s stock worth $234,000 after purchasing an additional 218 shares in the last quarter. Finally, Little House Capital LLC lifted its holdings in shares of PepsiCo by 25.5% during the 2nd quarter. Little House Capital LLC now owns 11,535 shares of the company’s stock valued at $1,902,000 after buying an additional 2,341 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

PEP stock opened at $145.40 on Wednesday. The firm has a fifty day moving average price of $158.60 and a two-hundred day moving average price of $166.97. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo has a 1-year low of $145.34 and a 1-year high of $183.41. The firm has a market cap of $199.49 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.94 and a beta of 0.54.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.