PepsiCo, Inc. (NASDAQ:PEP) Given Average Recommendation of “Hold” by Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $184.31.

PEP has been the subject of a number of research reports. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Barclays lowered their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of PepsiCo by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 2,854,979 shares of the company’s stock valued at $470,872,000 after purchasing an additional 47,317 shares during the period. RWC Asset Management LLP boosted its holdings in shares of PepsiCo by 0.4% in the second quarter. RWC Asset Management LLP now owns 205,735 shares of the company’s stock valued at $33,932,000 after buying an additional 793 shares during the period. Allegheny Financial Group LTD raised its holdings in shares of PepsiCo by 46.1% during the second quarter. Allegheny Financial Group LTD now owns 5,000 shares of the company’s stock worth $825,000 after acquiring an additional 1,577 shares during the period. Capital Square LLC lifted its position in PepsiCo by 18.5% in the 2nd quarter. Capital Square LLC now owns 1,395 shares of the company’s stock valued at $234,000 after acquiring an additional 218 shares in the last quarter. Finally, Little House Capital LLC boosted its stake in PepsiCo by 25.5% in the 2nd quarter. Little House Capital LLC now owns 11,535 shares of the company’s stock worth $1,902,000 after purchasing an additional 2,341 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.2 %

Shares of PEP stock opened at $152.06 on Wednesday. The company has a market capitalization of $208.62 billion, a P/E ratio of 22.43, a P/E/G ratio of 2.94 and a beta of 0.52. PepsiCo has a 12-month low of $149.71 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $160.81 and a 200 day moving average price of $167.60.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.56%. PepsiCo’s dividend payout ratio is 79.94%.

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.