Analysts Set PepsiCo, Inc. (NASDAQ:PEP) Price Target at $185.53

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given a consensus recommendation of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $185.53.

A number of brokerages recently issued reports on PEP. Jefferies Financial Group decreased their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Bank of America decreased their price target on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Barclays raised their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PEP. Gilbert & Cook Inc. increased its position in shares of PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,133 shares during the last quarter. Aveo Capital Partners LLC boosted its stake in PepsiCo by 4.4% in the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares in the last quarter. 9258 Wealth Management LLC raised its stake in shares of PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of PepsiCo by 81.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after acquiring an additional 3,635 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in shares of PepsiCo by 2.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $170.00 on Monday. The firm has a market cap of $233.51 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock’s fifty day moving average price is $173.77 and its two-hundred day moving average price is $172.08. PepsiCo has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts expect that PepsiCo will post 8.14 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

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.