PepsiCo (NASDAQ:PEP) PT Raised to $143.00

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PepsiCo (NASDAQ:PEP) had its price objective hoisted by Morgan Stanley from $137.00 to $143.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Several other research firms also recently commented on PEP. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. SunTrust Banks reissued a hold rating and issued a $125.00 target price on shares of PepsiCo in a report on Wednesday. UBS Group boosted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a report on Wednesday. Argus reissued a buy rating on shares of PepsiCo in a report on Thursday, April 18th. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a hold rating to a sell rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $128.53.

PepsiCo stock opened at $133.28 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The business has a fifty day moving average of $131.86. PepsiCo has a 12 month low of $104.53 and a 12 month high of $135.24. The company has a market capitalization of $186.35 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The business had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that PepsiCo will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s payout ratio is currently 67.49%.

In related news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total value of $982,722.00. Following the sale, the senior vice president now owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,914 shares of company stock worth $6,497,864. Corporate insiders own 0.28% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. First Command Bank increased its position in PepsiCo by 1.0% during the second quarter. First Command Bank now owns 9,440 shares of the company’s stock valued at $1,238,000 after acquiring an additional 95 shares during the last quarter. Stockman Wealth Management Inc. increased its position in PepsiCo by 0.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock valued at $2,077,000 after acquiring an additional 100 shares during the last quarter. Signet Financial Management LLC increased its position in PepsiCo by 3.7% during the fourth quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock valued at $312,000 after acquiring an additional 100 shares during the last quarter. Telos Capital Management Inc. increased its position in PepsiCo by 0.3% during the fourth quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock valued at $3,760,000 after acquiring an additional 101 shares during the last quarter. Finally, Whitnell & Co. increased its position in PepsiCo by 0.4% during the fourth quarter. Whitnell & Co. now owns 26,335 shares of the company’s stock valued at $2,909,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 70.83% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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