PepsiCo (NASDAQ:PEP) Price Target Raised to $132.00 at UBS Group

PepsiCo (NASDAQ:PEP) had its price target hoisted by UBS Group from $130.00 to $132.00 in a research report released on Wednesday, Stock Target Advisor reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Co initiated coverage on shares of Semtech in a report on Tuesday, May 14th. They issued an outperform rating and a $48.03 price objective on the stock. SunTrust Banks restated a hold rating and set a $125.00 target price on shares of PepsiCo in a report on Wednesday. Cowen boosted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an outperform rating in a report on Wednesday. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a report on Tuesday, April 23rd. Finally, BidaskClub upgraded shares of Xilinx from a hold rating to a buy rating in a report on Saturday, June 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $128.53.

NASDAQ PEP opened at $133.28 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. PepsiCo has a 12-month low of $104.53 and a 12-month high of $135.24. The firm has a market capitalization of $186.35 billion, a P/E ratio of 23.55, a PEG ratio of 3.46 and a beta of 0.60. The firm has a 50 day simple moving average of $131.86.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same period last year, the company earned $1.61 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo will post 5.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given 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 (DPR) is 67.49%.

In other PepsiCo news, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now directly owns 55,665 shares of the company’s stock, valued at $7,013,233.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of PepsiCo stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,914 shares of company stock valued at $6,497,864. Company insiders own 0.28% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PEP. BlackRock Inc. boosted its position in shares of PepsiCo by 2.4% in the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after acquiring an additional 2,275,511 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of PepsiCo by 10,622.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after acquiring an additional 34,380,553 shares during the period. Northern Trust Corp boosted its position in shares of PepsiCo by 3.2% in the fourth quarter. Northern Trust Corp now owns 20,185,841 shares of the company’s stock valued at $2,230,132,000 after acquiring an additional 623,727 shares during the period. FMR LLC boosted its position in shares of PepsiCo by 0.8% in the first quarter. FMR LLC now owns 10,952,213 shares of the company’s stock valued at $1,342,194,000 after acquiring an additional 84,974 shares during the period. Finally, Yacktman Asset Management LP boosted its position in shares of PepsiCo by 0.9% in the fourth quarter. Yacktman Asset Management LP now owns 7,691,249 shares of the company’s stock valued at $849,729,000 after acquiring an additional 68,176 shares during the period. 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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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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