Pepsico, Inc. (PEP) Earns Hold Rating from BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Pepsico, Inc. (NYSE:PEP) in a report issued on Wednesday. The brokerage currently has a $120.00 target price on the stock.

PEP has been the topic of a number of other reports. Zacks Investment Research upgraded Pepsico from a hold rating to a buy rating and set a $132.00 price objective on the stock in a research note on Tuesday, August 22nd. Jefferies Group LLC reiterated a buy rating and issued a $130.00 price objective (up from $127.00) on shares of Pepsico in a research note on Thursday, July 6th. BidaskClub upgraded Pepsico from a hold rating to a buy rating in a research note on Thursday, August 17th. Credit Suisse Group lifted their price objective on Pepsico from $124.00 to $126.00 and gave the stock an outperform rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $115.00 price objective on shares of Pepsico in a research note on Friday, June 30th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $123.32.

Shares of Pepsico (NYSE:PEP) traded down 1.67% on Wednesday, reaching $115.04. The company had a trading volume of 4,818,344 shares. The firm has a market capitalization of $163.99 billion, a PE ratio of 24.36 and a beta of 0.68. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39. The company has a 50-day moving average price of $116.69 and a 200-day moving average price of $114.37.

Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. Equities research analysts forecast that Pepsico will post $5.15 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.

In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 over the last ninety days. Company insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. acquired a new stake in Pepsico during the second quarter valued at approximately $1,461,000. M Holdings Securities Inc. boosted its holdings in Pepsico by 13.2% during the second quarter. M Holdings Securities Inc. now owns 19,686 shares of the company’s stock valued at $2,274,000 after purchasing an additional 2,292 shares in the last quarter. Griffin Asset Management Inc. acquired a new stake in Pepsico during the second quarter valued at approximately $3,469,000. Toronto Dominion Bank boosted its holdings in Pepsico by 14.2% during the second quarter. Toronto Dominion Bank now owns 548,651 shares of the company’s stock valued at $63,363,000 after purchasing an additional 68,386 shares in the last quarter. Finally, Oak Associates Ltd. OH boosted its holdings in Pepsico by 0.3% during the second quarter. Oak Associates Ltd. OH now owns 212,235 shares of the company’s stock valued at $24,511,000 after purchasing an additional 584 shares in the last quarter. 70.16% of the stock is currently owned by institutional investors.

About Pepsico

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Analyst Recommendations for Pepsico (NYSE:PEP)

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