Brokerages Set PepsiCo, Inc. (NASDAQ:PEP) Price Target at $181.07

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $181.07.

A number of equities analysts recently weighed in on PEP shares. Wedbush increased their price objective on shares of PepsiCo from $185.00 to $190.00 in a research report on Thursday, October 13th. Wells Fargo & Company raised their price target on shares of PepsiCo from $172.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Tuesday, September 27th. Royal Bank of Canada raised their price target on shares of PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a research report on Thursday, October 13th. Finally, Barclays raised their price target on shares of PepsiCo from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 14th.

Insider Activity

In other news, CEO Paula Santilli sold 2,787 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $179.63, for a total value of $500,628.81. Following the sale, the chief executive officer now directly owns 59,997 shares in the company, valued at approximately $10,777,261.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Paula Santilli sold 2,787 shares of PepsiCo stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $179.63, for a total transaction of $500,628.81. Following the sale, the chief executive officer now directly owns 59,997 shares in the company, valued at approximately $10,777,261.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Hugh F. Johnston sold 23,394 shares of PepsiCo stock in a transaction on Monday, October 24th. The stock was sold at an average price of $175.74, for a total transaction of $4,111,261.56. Following the sale, the chief financial officer now owns 128,332 shares in the company, valued at $22,553,065.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,639 shares of company stock worth $6,633,617. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. MBA Advisors LLC increased its stake in shares of PepsiCo by 1.0% during the third quarter. MBA Advisors LLC now owns 5,911 shares of the company’s stock worth $965,000 after acquiring an additional 58 shares during the period. Stiles Financial Services Inc increased its stake in shares of PepsiCo by 2.1% during the third quarter. Stiles Financial Services Inc now owns 2,881 shares of the company’s stock worth $470,000 after acquiring an additional 58 shares during the period. Jacobi Capital Management LLC increased its stake in shares of PepsiCo by 0.3% during the third quarter. Jacobi Capital Management LLC now owns 16,722 shares of the company’s stock worth $2,730,000 after acquiring an additional 58 shares during the period. Retirement Planning Co of New England Inc. increased its stake in shares of PepsiCo by 0.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock worth $1,105,000 after acquiring an additional 59 shares during the period. Finally, Jackson Square Capital LLC increased its stake in shares of PepsiCo by 0.7% during the third quarter. Jackson Square Capital LLC now owns 8,926 shares of the company’s stock worth $1,457,000 after acquiring an additional 59 shares during the period. 71.38% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $185.08 on Friday. The firm has a 50 day simple moving average of $176.24 and a 200-day simple moving average of $172.01. PepsiCo has a 1-year low of $153.37 and a 1-year high of $186.62. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72. The stock has a market cap of $254.99 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.62 and a beta of 0.58.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings data on Wednesday, October 12th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.12. The firm had revenue of $21.97 billion during the quarter, compared to analysts’ expectations of $20.82 billion. PepsiCo had a net margin of 11.61% and a return on equity of 51.13%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.79 EPS. On average, analysts expect that PepsiCo will post 6.76 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be issued a $1.15 dividend. The ex-dividend date is Thursday, December 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.49%. PepsiCo’s payout ratio is 65.81%.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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