PepsiCo, Inc. (NASDAQ:PEP) Receives Consensus Rating of “Hold” from Analysts

Shares of PepsiCo, Inc. (NASDAQ:PEP) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $171.47.

A number of brokerages have recently commented on PEP. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Barclays cut their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group cut their target price 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.

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth $28,000. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the 4th quarter valued at about $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter valued at about $30,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.2 %

PEP stock opened at $153.85 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo has a twelve month low of $141.51 and a twelve month high of $183.41. The company’s 50 day moving average is $148.61 and its two-hundred day moving average is $161.98. The stock has a market cap of $211.01 billion, a P/E ratio of 22.14, a PEG ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts expect that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business 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 dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.52%. PepsiCo’s payout ratio is currently 77.99%.

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.