PepsiCo (NASDAQ:PEP) Raised to Strong Sell at Redburn Atlantic

Redburn Atlantic upgraded shares of PepsiCo (NASDAQ:PEP) to a strong sell rating in a report issued on Thursday, Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a neutral rating and a $174.00 price objective on the stock. StockNews.com upgraded shares of PepsiCo from a hold rating to a buy rating in a research report on Wednesday, October 9th. Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a buy rating on the stock in a research note on Tuesday, July 9th. Bank of America dropped their price target on PepsiCo from $190.00 to $185.00 and set a buy rating on the stock in a research note on Monday, September 30th. Finally, DZ Bank cut PepsiCo from a buy rating to a hold rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $183.92.

PepsiCo Trading Up 1.1 %

NASDAQ PEP opened at $174.81 on Thursday. PepsiCo has a one year low of $157.43 and a one year high of $183.41. The company’s 50 day moving average price is $173.52 and its 200 day moving average price is $172.07. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89. The firm has a market capitalization of $240.33 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.11 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. On average, sell-side analysts predict that PepsiCo will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Iams Wealth Management LLC raised its stake in shares of PepsiCo by 4.1% in the third quarter. Iams Wealth Management LLC now owns 6,698 shares of the company’s stock valued at $1,139,000 after purchasing an additional 265 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of PepsiCo by 1.2% in the third quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock valued at $25,964,000 after purchasing an additional 1,877 shares in the last quarter. CX Institutional raised its stake in shares of PepsiCo by 204.1% in the third quarter. CX Institutional now owns 41,184 shares of the company’s stock valued at $7,003,000 after purchasing an additional 27,643 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of PepsiCo by 4.9% in the third quarter. Sivia Capital Partners LLC now owns 3,638 shares of the company’s stock valued at $619,000 after purchasing an additional 171 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of PepsiCo by 1.8% in the third quarter. Grove Bank & Trust now owns 7,370 shares of the company’s stock valued at $1,253,000 after purchasing an additional 130 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

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.