PepsiCo’s “Buy” Rating Reaffirmed at TheStreet (PEP)
PepsiCo (NYSE: PEP)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Friday.
The analysts wrote, “PepsiCo (PEP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
PepsiCo traded down 0.07% on Friday, hitting $75.715. PepsiCo has a 52-week low of $62.15 and a 52-week high of $76.33. The stock’s 50-day moving average is currently $73.04. The company has a market cap of $116.8 billion and a price-to-earnings ratio of 19.31.
PepsiCo last posted its quarterly earnings results on Thursday, February 14th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $19.95 billion for the quarter, compared to the consensus estimate of $19.65 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that PepsiCo will post $4.39 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of PepsiCo from $74.00 to $80.00 in a research note to investors on Tuesday, February 19th. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of PepsiCo from $71.00 to $75.00 in a research note to investors on Tuesday, February 19th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note to investors on Friday, February 15th. They now have a $76.00 price target on the stock.
Nine analysts have rated the stock with a buy rating, three have issued an overweight rating, and eight have given a hold rating to the company. PepsiCo currently has a consensus rating of “overweight” and an average target price of $79.17.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.54 per share. This represents a $2.15 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, February 27th.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. PepsiCo is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF); PepsiCo Americas Beverages (PAB), which includes all of its North American and Latin American beverage businesses; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA.
To view TheStreet’s full report, visit www.thestreetratings.com
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