Shares of PepsiCo, Inc. (NASDAQ:PEP) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $123.04.
Several research analysts have recently weighed in on the stock. SunTrust Banks lowered their price target on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Jefferies Group reissued a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research report on Tuesday, February 13th. Susquehanna Bancshares boosted their price target on shares of PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research report on Monday, February 12th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st.
PepsiCo (NASDAQ:PEP) traded up $1.26 during trading on Tuesday, hitting $110.94. 5,355,400 shares of the stock were exchanged, compared to its average volume of 4,495,670. PepsiCo has a fifty-two week low of $106.19 and a fifty-two week high of $122.51. The stock has a market capitalization of $157,780.00, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.75 and a beta of 0.62. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.37.
PepsiCo declared that its board has approved a share buyback plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be given a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.90%. PepsiCo’s payout ratio is currently 63.26%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Green Square Capital LLC lifted its position in shares of PepsiCo by 82.6% during the fourth quarter. Green Square Capital LLC now owns 13,644 shares of the company’s stock worth $1,647,000 after purchasing an additional 6,170 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of PepsiCo by 10.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 177,665 shares of the company’s stock worth $21,306,000 after purchasing an additional 16,729 shares in the last quarter. Certified Advisory Corp acquired a new stake in shares of PepsiCo during the fourth quarter worth about $134,000. Ackerman Capital Advisors LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth about $618,000. Finally, Fairfield Bush & CO. lifted its position in shares of PepsiCo by 4.5% during the fourth quarter. Fairfield Bush & CO. now owns 61,457 shares of the company’s stock worth $7,370,000 after purchasing an additional 2,638 shares in the last quarter. 70.62% of the stock is currently owned by institutional investors.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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