CLSA reissued their outperform rating on shares of Pepsico, Inc. (NYSE:PEP) in a report published on Wednesday.

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reiterated a buy rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday. Zacks Investment Research downgraded Pepsico from a buy rating to a hold rating in a report on Wednesday, November 30th. Jefferies Group LLC upped their price objective on Pepsico from $118.00 to $120.00 and gave the company a buy rating in a report on Thursday. BMO Capital Markets reiterated a buy rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday. Finally, Vetr downgraded Pepsico from a buy rating to a hold rating and set a $106.67 price objective for the company. in a report on Tuesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $113.28.

Analyst Recommendations for Pepsico (NYSE:PEP)

Shares of Pepsico (NYSE:PEP) opened at 108.12 on Wednesday. Pepsico has a one year low of $97.54 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. The stock’s 50 day moving average price is $104.30 and its 200 day moving average price is $105.48.

Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. The business earned $19.52 billion during the quarter, compared to the consensus estimate of $19.51 billion. Pepsico had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. Analysts expect that Pepsico will post $4.80 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $3.01 annualized dividend and a dividend yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is currently 66.01%.

Large investors have recently made changes to their positions in the company. BTC Capital Management Inc. boosted its position in Pepsico by 3.3% in the second quarter. BTC Capital Management Inc. now owns 2,261 shares of the company’s stock valued at $239,000 after buying an additional 73 shares in the last quarter. BB&T Corp boosted its position in Pepsico by 33.7% in the second quarter. BB&T Corp now owns 549,739 shares of the company’s stock valued at $58,240,000 after buying an additional 138,532 shares in the last quarter. Concert Wealth Management Inc. boosted its position in Pepsico by 5.7% in the second quarter. Concert Wealth Management Inc. now owns 24,147 shares of the company’s stock valued at $2,572,000 after buying an additional 1,301 shares in the last quarter. Lourd Capital LLC boosted its position in Pepsico by 3.0% in the second quarter. Lourd Capital LLC now owns 3,781 shares of the company’s stock valued at $401,000 after buying an additional 110 shares in the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in Pepsico by 6.0% in the second quarter. Sigma Investment Counselors Inc. now owns 2,688 shares of the company’s stock valued at $285,000 after buying an additional 153 shares in the last quarter. Institutional investors own 70.43% of the company’s stock.

Pepsico Company Profile

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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