PepsiCo (NASDAQ:PEP) Coverage Initiated at Wolfe Research

Wolfe Research initiated coverage on shares of PepsiCo (NASDAQ:PEP) in a research note released on Monday morning, Analyst Price Targets reports. The firm issued a peer perform rating on the stock.

Other equities analysts also recently issued reports about the company. Barclays raised PepsiCo from an equal weight rating to an overweight rating and set a $151.00 price objective for the company in a research report on Monday, March 29th. Sanford C. Bernstein began coverage on PepsiCo in a research report on Tuesday, January 19th. They set an underperform rating and a $136.00 price objective for the company. Zacks Investment Research raised PepsiCo from a hold rating to a buy rating and set a $142.00 price objective for the company in a research report on Friday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $143.00 to $148.00 and gave the stock a hold rating in a research report on Wednesday, February 3rd. Finally, Royal Bank of Canada downgraded PepsiCo from an outperform rating to a sector perform rating and set a $153.00 price target for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $147.40.

Shares of NASDAQ:PEP opened at $142.31 on Monday. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The firm has a market capitalization of $196.39 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. The firm’s 50-day moving average is $136.84 and its two-hundred day moving average is $139.99. PepsiCo has a 1 year low of $126.53 and a 1 year high of $148.77.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 15th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.09. The company had revenue of $14.82 billion for the quarter, compared to analyst estimates of $14.54 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts expect that PepsiCo will post 5.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were issued a $1.0225 dividend. This represents a $4.09 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, March 4th. PepsiCo’s payout ratio is currently 73.96%.

Institutional investors have recently added to or reduced their stakes in the company. Profit Investment Management LLC raised its position in PepsiCo by 1.7% in the first quarter. Profit Investment Management LLC now owns 4,192 shares of the company’s stock worth $593,000 after acquiring an additional 71 shares in the last quarter. CFO4Life Group LLC raised its holdings in shares of PepsiCo by 0.4% during the 4th quarter. CFO4Life Group LLC now owns 17,973 shares of the company’s stock valued at $2,665,000 after buying an additional 73 shares during the period. MEMBERS Trust Co raised its holdings in shares of PepsiCo by 1.1% during the 4th quarter. MEMBERS Trust Co now owns 7,256 shares of the company’s stock valued at $1,076,000 after buying an additional 77 shares during the period. A. D. Beadell Investment Counsel Inc. increased its holdings in PepsiCo by 0.5% during the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 14,505 shares of the company’s stock worth $2,051,000 after purchasing an additional 77 shares during the last quarter. Finally, Brookmont Capital Management increased its holdings in PepsiCo by 0.4% during the 1st quarter. Brookmont Capital Management now owns 17,361 shares of the company’s stock worth $2,456,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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