PepsiCo (NASDAQ:PEP) Earns Buy Rating from Argus

Argus restated their buy rating on shares of PepsiCo (NASDAQ:PEP) in a report published on Thursday, The Fly reports.

PEP has been the topic of a number of other research reports. UBS Group lifted their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a report on Wednesday. Deutsche Bank lifted their price target on shares of Las Vegas Sands from $60.00 to $69.00 and gave the stock a hold rating in a report on Thursday, April 18th. They noted that the move was a valuation call. Royal Bank of Canada set a GBX 5,200 ($67.95) price target on shares of London Stock Exchange Group and gave the stock a buy rating in a report on Wednesday, April 24th. Macquarie lifted their price target on shares of PepsiCo from $126.00 to $138.00 and gave the stock an outperform rating in a report on Thursday, April 18th. Finally, Goldman Sachs Group set a $131.00 price target on shares of Microsoft and gave the stock a buy rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $128.53.

Shares of NASDAQ:PEP opened at $133.28 on Thursday. The firm has a market capitalization of $186.35 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 3.46 and a beta of 0.60. The business’s fifty day simple moving average is $131.86. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97. PepsiCo has a 52 week low of $104.53 and a 52 week high of $135.24.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The company had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. PepsiCo’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. Research analysts anticipate that PepsiCo will post 5.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 67.49%.

In related news, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the completion of the transaction, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the transaction, the senior vice president now directly owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. Insiders have sold 50,914 shares of company stock valued at $6,497,864 in the last three months. 0.28% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Evolution Wealth Advisors LLC bought a new stake in PepsiCo in the second quarter valued at $27,000. Horan Securities Inc. increased its stake in PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in PepsiCo in the fourth quarter valued at $39,000. Financial Gravity Companies Inc. bought a new stake in PepsiCo in the fourth quarter valued at $41,000. Finally, Thor Advisors LLC bought a new stake in PepsiCo in the first quarter valued at $70,000. 70.83% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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The Fly

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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