Pepsico, Inc. (PEP) Receives Buy Rating from Credit Suisse Group
A number of other research analysts also recently commented on PEP. Zacks Investment Research downgraded shares of Pepsico from a buy rating to a hold rating in a research report on Friday, November 11th. Vetr raised shares of Pepsico from a buy rating to a strong-buy rating and set a $113.72 price objective on the stock in a research report on Tuesday, November 15th. Finally, Societe Generale raised shares of Pepsico from a hold rating to a buy rating in a research report on Monday, December 12th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Pepsico currently has a consensus rating of Buy and a consensus target price of $113.28.
Pepsico (NYSE:PEP) opened at 108.12 on Thursday. The firm’s 50-day moving average is $104.30 and its 200 day moving average is $105.48. Pepsico has a one year low of $96.15 and a one year high of $110.94. The firm has a market capitalization of $155.06 billion, a price-to-earnings ratio of 23.72 and a beta of 0.53.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. Pepsico had a net margin of 10.74% and a return on equity of 56.16%. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Pepsico will post $4.80 EPS for the current fiscal year.
“Pepsico, Inc. (PEP) Receives Buy Rating from Credit Suisse Group” was posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be viewed at http://www.dailypolitical.com/2017/02/17/pepsico-inc-pep-receives-buy-rating-from-credit-suisse-group.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Wednesday, March 1st. Pepsico’s payout ratio is 66.01%.
Several hedge funds have recently modified their holdings of the company. Kentucky Retirement Systems purchased a new stake in shares of Pepsico during the second quarter worth $13,013,000. Stonebridge Capital Management Inc. boosted its stake in shares of Pepsico by 0.3% in the third quarter. Stonebridge Capital Management Inc. now owns 77,741 shares of the company’s stock worth $8,456,000 after buying an additional 201 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Pepsico by 106.7% in the third quarter. First Eagle Investment Management LLC now owns 2,469,429 shares of the company’s stock worth $268,600,000 after buying an additional 1,274,477 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Pepsico by 4.7% in the third quarter. Raymond James Trust N.A. now owns 101,338 shares of the company’s stock worth $11,023,000 after buying an additional 4,554 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. boosted its stake in shares of Pepsico by 68.8% in the third quarter. Gluskin Sheff & Assoc Inc. now owns 346,504 shares of the company’s stock worth $36,865,000 after buying an additional 141,254 shares during the last quarter. Institutional investors and hedge funds own 70.43% of the company’s stock.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with MarketBeat.com's FREE daily email newsletter.