Deutsche Bank Aktiengesellschaft Trims PepsiCo (NASDAQ:PEP) Target Price to $179.00

PepsiCo (NASDAQ:PEP) had its target price decreased by Deutsche Bank Aktiengesellschaft from $180.00 to $179.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other research analysts also recently issued reports on PEP. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They issued a neutral rating and a $174.00 target price on the stock. Morgan Stanley cut shares of PepsiCo from an overweight rating to an equal weight rating and set a $185.00 price target on the stock. in a research note on Friday, September 20th. StockNews.com downgraded shares of PepsiCo from a buy rating to a hold rating in a research note on Friday, September 20th. Bank of America lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set a buy rating for the company in a research note on Monday, September 30th. Finally, Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a sector perform rating for the company in a research note on Friday, October 4th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of Hold and an average target price of $184.79.

PepsiCo Price Performance

PEP opened at $172.54 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo has a twelve month low of $157.43 and a twelve month high of $183.41. The company has a market capitalization of $237.21 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.07 and a beta of 0.53. The firm has a 50-day moving average price of $173.63 and a 200-day moving average price of $172.06.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that PepsiCo will post 8.13 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently modified their holdings of PEP. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC increased its stake in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter valued at $30,000. Finally, Fortis Group Advisors LLC raised its stake in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.