Pepsico, Inc. (NYSE:PEP)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a note issued to investors on Wednesday. They presently have a $120.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 3.56% from the stock’s current price.
Several other research firms have also issued reports on PEP. Jefferies Group LLC restated a “buy” rating and set a $133.00 price target (up from $130.00) on shares of Pepsico in a research report on Wednesday, July 12th. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Tuesday, August 22nd. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, May 25th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a research report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $123.47.
Pepsico (NYSE:PEP) traded up 0.40% on Wednesday, reaching $116.33. The company’s stock had a trading volume of 2,106,671 shares. The stock’s 50 day moving average price is $116.62 and its 200 day moving average price is $114.33. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39. The firm has a market cap of $165.83 billion, a PE ratio of 24.64 and a beta of 0.68.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. The firm 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 company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 EPS. Equities research analysts expect that Pepsico will post $5.15 earnings per share for the current fiscal year.
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In other Pepsico news, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the transaction, the chief executive officer now owns 733,315 shares in the company, valued at $85,372,532.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction 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 transaction, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Leith Wheeler Investment Counsel Ltd. purchased a new position in Pepsico during the first quarter valued at $157,000. National Pension Service raised its stake in Pepsico by 2.0% during the first quarter. National Pension Service now owns 945,000 shares of the company’s stock valued at $106,010,000 after buying an additional 18,835 shares during the last quarter. Univest Corp of Pennsylvania raised its stake in Pepsico by 0.7% during the first quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock valued at $263,000 after buying an additional 17 shares during the last quarter. Confluence Investment Management LLC raised its stake in Pepsico by 6.6% during the first quarter. Confluence Investment Management LLC now owns 1,044,002 shares of the company’s stock valued at $116,782,000 after buying an additional 64,837 shares during the last quarter. Finally, Hays Advisory LLC raised its stake in Pepsico by 11.6% during the first quarter. Hays Advisory LLC now owns 2,244 shares of the company’s stock valued at $251,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.
Pepsico Company Profile
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).
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