PepsiCo (NASDAQ:PEP) PT Lowered to $179.00 at Deutsche Bank Aktiengesellschaft

PepsiCo (NASDAQ:PEP) had its price target reduced by Deutsche Bank Aktiengesellschaft from $180.00 to $179.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

PEP has been the topic of a number of other research reports. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a sector perform rating on the stock in a research note on Friday, October 4th. Bank of America lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set a buy rating on the stock in a research note on Monday, September 30th. BNP Paribas started coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a neutral rating and a $174.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Finally, DZ Bank lowered PepsiCo from a buy rating to a hold rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of Hold and an average target price of $183.92.

PepsiCo Stock Performance

PEP opened at $174.81 on Wednesday. The business’s 50 day moving average is $173.52 and its 200-day moving average is $172.08. The stock has a market cap of $240.33 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. PepsiCo has a twelve month low of $157.43 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that PepsiCo will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Iams Wealth Management LLC boosted its holdings in shares of PepsiCo by 4.1% during the 3rd quarter. Iams Wealth Management LLC now owns 6,698 shares of the company’s stock worth $1,139,000 after buying an additional 265 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of PepsiCo by 1.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock worth $25,964,000 after buying an additional 1,877 shares during the period. CX Institutional boosted its holdings in shares of PepsiCo by 204.1% during the 3rd quarter. CX Institutional now owns 41,184 shares of the company’s stock worth $7,003,000 after buying an additional 27,643 shares during the period. Sivia Capital Partners LLC lifted its position in shares of PepsiCo by 4.9% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,638 shares of the company’s stock worth $619,000 after purchasing an additional 171 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in PepsiCo by 1.8% during the 3rd quarter. Grove Bank & Trust now owns 7,370 shares of the company’s stock valued at $1,253,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods 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.