Shares of PepsiCo, Inc. (NASDAQ:PEP – Get 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.
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
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:PEP – Get 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
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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