PepsiCo (NASDAQ:PEP) PT Raised to $185.00 at Barclays

PepsiCo (NASDAQ:PEP) had its price objective raised by Barclays from $184.00 to $185.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wedbush reiterated an outperform rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Royal Bank of Canada reiterated a sector perform rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a hold rating in a report on Friday, February 9th. Morgan Stanley raised PepsiCo from an equal weight rating to an overweight rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Finally, Jefferies Financial Group upped their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a buy rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of Moderate Buy and a consensus price target of $187.42.

PepsiCo Stock Down 0.6 %

Shares of PEP stock opened at $175.58 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo has a one year low of $155.83 and a one year high of $196.88. The company’s fifty day moving average price is $169.40 and its 200-day moving average price is $167.92. The company has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that PepsiCo will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEP. Norges Bank bought a new position in shares of PepsiCo in the fourth quarter worth about $2,686,139,000. International Assets Investment Management LLC raised its stake in shares of PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after acquiring an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $329,179,000. Flossbach Von Storch AG increased its holdings in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares during the period. Finally, California Public Employees Retirement System raised its position in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

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.