PepsiCo (NASDAQ:PEP) PT Lowered to $186.00

PepsiCo (NASDAQ:PEP) had its price objective lowered by Barclays from $187.00 to $186.00 in a research note published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the company. Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a buy rating on the stock in a report on Monday, September 30th. Royal Bank of Canada cut their price target on PepsiCo from $180.00 to $177.00 and set a sector perform rating for the company in a research note on Friday, July 12th. DZ Bank lowered shares of PepsiCo from a buy rating to a hold rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a buy rating on the stock in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $185.29.

PepsiCo Stock Down 0.5 %

Shares of NASDAQ PEP opened at $167.21 on Friday. PepsiCo has a 12-month low of $157.43 and a 12-month high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The stock has a market cap of $229.67 billion, a P/E ratio of 24.27, a PEG ratio of 3.07 and a beta of 0.53. The business’s fifty day simple moving average is $173.80 and its 200-day simple moving average is $172.11.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 earnings per share. As a group, equities analysts predict that PepsiCo will post 8.13 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio is currently 78.66%.

Hedge Funds Weigh In On PepsiCo

A number of institutional investors have recently modified their holdings of PEP. Flossbach Von Storch AG raised its holdings in shares of PepsiCo by 67.2% in the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after purchasing an additional 1,832,385 shares during the period. PineStone Asset Management Inc. lifted its position in PepsiCo by 125.2% during the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after buying an additional 1,523,631 shares in the last quarter. Van ECK Associates Corp grew its stake in PepsiCo by 429.3% during the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after buying an additional 1,179,922 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of PepsiCo in the first quarter worth $166,243,000. Finally, Legal & General Group Plc raised its stake in shares of PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after acquiring an additional 905,468 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.