PepsiCo, Inc. (NASDAQ:PEP) Receives $158.68 Consensus Target Price from Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEP) have received a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $158.5789.

Several analysts recently weighed in on the company. Bank of America lifted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Tuesday, October 21st. BNP Paribas Exane decreased their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Piper Sandler lifted their target price on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Finally, Rothschild & Co Redburn increased their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th.

PepsiCo Trading Up 0.4%

PepsiCo stock opened at $146.57 on Friday. The stock has a 50-day simple moving average of $145.55 and a 200 day simple moving average of $144.51. The stock has a market capitalization of $200.41 billion, a P/E ratio of 27.87, a PEG ratio of 4.78 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo has a 52 week low of $127.60 and a 52 week high of $160.15.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is presently 108.17%.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the first quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the second quarter valued at approximately $27,000. JCIC Asset Management Inc. purchased a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the 2nd quarter valued at approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.