Evercore ISI Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP) had its price objective reduced by Evercore ISI from $180.00 to $160.00 in a research note published on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $174.53.

PepsiCo Stock Down 4.5 %

Shares of NASDAQ:PEP opened at $143.49 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a market cap of $196.87 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The firm’s 50 day moving average price is $152.86 and its 200 day moving average price is $164.71.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. As a group, equities research analysts predict that PepsiCo will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Hedge Funds Weigh In On PepsiCo

A number of large investors have recently made changes to their positions in PEP. Highline Wealth Partners LLC purchased a new position in PepsiCo in the third quarter valued at about $28,000. Collier Financial purchased a new position in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at $31,000. Finally, Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors 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.