PepsiCo (NASDAQ:PEP) Price Target Lowered to $183.00 at JPMorgan Chase & Co.

PepsiCo (NASDAQ:PEP) had its target price lowered by JPMorgan Chase & Co. from $185.00 to $183.00 in a report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

PEP has been the topic of several other research reports. Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a buy rating on the stock in a research report on Tuesday, July 9th. TD Cowen lowered their price target on PepsiCo from $200.00 to $190.00 and set a buy rating for the company in a research report on Wednesday, July 3rd. DZ Bank lowered PepsiCo from a buy rating to a hold rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays lowered their price objective on PepsiCo from $187.00 to $186.00 and set an overweight rating on the stock in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $184.79.

PepsiCo Stock Up 1.2 %

Shares of 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 52-week low of $157.43 and a 52-week high of $183.41. The company has a market cap of $237.21 billion, a PE ratio of 25.04, a P/E/G ratio of 3.07 and a beta of 0.53. The business has a fifty day moving average of $173.63 and a 200 day moving average of $172.06.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. On average, sell-side 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. Stockholders of record on Friday, September 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Institutional Trading of PepsiCo

Several large investors have recently bought and sold shares of the company. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at about $30,000. Finally, Fortis Group Advisors LLC grew its holdings in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.