Credit Suisse Group restated their buy rating on shares of Pepsico, Inc. (NYSE:PEP) in a report released on Thursday. Credit Suisse Group currently has a $115.00 price target on the stock.

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.

Analyst Recommendations for Pepsico (NYSE:PEP)

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.

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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.

About Pepsico

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.

5 Day Chart for NYSE:PEP

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