PepsiCo (NASDAQ:PEP) Price Target Lowered to $160.00 at BNP Paribas

PepsiCo (NASDAQ:PEP) had its target price trimmed by BNP Paribas from $162.00 to $160.00 in a report released on Tuesday morning. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently commented on PEP. Barclays dropped their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday. They set a $172.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $174.53.

PepsiCo Trading Down 4.5 %

PEP stock opened at $143.49 on Tuesday. The business has a fifty day moving average of $152.86 and a 200-day moving average of $164.71. The company has a market cap of $196.87 billion, a P/E ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. As a group, equities research analysts expect that PepsiCo will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s payout ratio is currently 79.94%.

Hedge Funds Weigh In On PepsiCo

A number of large investors have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter valued at approximately $28,000. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

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.