UBS Group Raises PepsiCo (NASDAQ:PEP) Price Target to $132.00

PepsiCo (NASDAQ:PEP) had its price target increased by UBS Group from $130.00 to $132.00 in a report released on Wednesday, Stock Target Advisor reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on PEP. SunTrust Banks reaffirmed a hold rating and issued a $125.00 price objective on shares of PepsiCo in a research note on Wednesday. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Deutsche Bank upped their price objective on shares of Las Vegas Sands from $60.00 to $69.00 and gave the company a hold rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. Finally, Cowen upped their price objective on shares of PepsiCo from $142.00 to $150.00 and gave the company an outperform rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $128.53.

Shares of NASDAQ:PEP opened at $133.28 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97. PepsiCo has a 12 month low of $104.53 and a 12 month high of $135.24. The stock has a market capitalization of $187.84 billion, a PE ratio of 24.03, a P/E/G ratio of 3.49 and a beta of 0.60. The company’s 50 day moving average price is $131.86.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 yield of 2.87%. PepsiCo’s dividend payout ratio is currently 67.49%.

In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the transaction, the chairman now directly owns 232,394 shares in the company, valued at approximately $30,078,755.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. Insiders have sold a total of 50,914 shares of company stock valued at $6,497,864 over the last quarter. 0.28% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PEP. Founders Capital Management LLC grew its position in PepsiCo by 4.3% during the fourth quarter. Founders Capital Management LLC now owns 100,793 shares of the company’s stock worth $11,136,000 after buying an additional 4,126 shares in the last quarter. BTIM Corp. grew its position in PepsiCo by 0.7% during the fourth quarter. BTIM Corp. now owns 573,881 shares of the company’s stock worth $63,402,000 after buying an additional 4,207 shares in the last quarter. Quadrant Capital Group LLC grew its position in PepsiCo by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 8,918 shares of the company’s stock worth $958,000 after buying an additional 259 shares in the last quarter. Thomasville National Bank grew its position in PepsiCo by 1.2% during the fourth quarter. Thomasville National Bank now owns 25,967 shares of the company’s stock worth $2,869,000 after buying an additional 297 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in PepsiCo by 0.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 535,408 shares of the company’s stock worth $59,152,000 after buying an additional 3,140 shares in the last quarter. Institutional investors and hedge funds 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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