PepsiCo (NASDAQ:PEP) Stock Rating Reaffirmed by BMO Capital Markets

Share on StockTwits

BMO Capital Markets reaffirmed their average rating on shares of PepsiCo (NASDAQ:PEP) in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a $128.00 target price on the stock.

Several other equities analysts also recently weighed in on PEP. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Wells Fargo & Co started coverage on Semtech in a research report on Tuesday, May 14th. They set an outperform rating and a $48.03 target price on the stock. Argus reiterated a buy rating on shares of PepsiCo in a research report on Thursday, April 18th. Morgan Stanley reiterated an overweight rating and set a $137.00 target price (up from $130.00) on shares of PepsiCo in a research report on Thursday, April 18th. Finally, Deutsche Bank increased their target price on Las Vegas Sands from $60.00 to $69.00 and gave the stock a hold rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. PepsiCo has an average rating of Hold and an average target price of $128.53.

NASDAQ PEP opened at $133.28 on Wednesday. The stock’s 50-day simple moving average is $131.86. PepsiCo has a twelve month low of $104.53 and a twelve month high of $135.24. The stock has a market capitalization of $186.35 billion, a P/E ratio of 23.55, a PEG ratio of 3.46 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.75.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo will post 5.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 67.49%.

In other news, SVP Marie T. Gallagher sold 7,800 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the sale, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Yawman sold 25,263 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the sale, the executive vice president now owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. Insiders have sold 50,914 shares of company stock valued at $6,497,864 over the last 90 days. 0.28% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of PEP. Founders Capital Management LLC grew its stake in shares of PepsiCo by 4.3% in the fourth quarter. Founders Capital Management LLC now owns 100,793 shares of the company’s stock valued at $11,136,000 after buying an additional 4,126 shares in the last quarter. Lourd Capital LLC grew its stake in shares of PepsiCo by 6.1% in the fourth quarter. Lourd Capital LLC now owns 5,933 shares of the company’s stock valued at $655,000 after buying an additional 340 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of PepsiCo by 21.6% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 73,826 shares of the company’s stock valued at $8,156,000 after buying an additional 13,136 shares in the last quarter. Oakbrook Investments LLC grew its stake in shares of PepsiCo by 17.3% in the fourth quarter. Oakbrook Investments LLC now owns 321,411 shares of the company’s stock valued at $35,509,000 after buying an additional 47,435 shares in the last quarter. Finally, Triangle Securities Wealth Management grew its stake in shares of PepsiCo by 4.4% in the fourth quarter. Triangle Securities Wealth Management now owns 24,858 shares of the company’s stock valued at $2,746,000 after buying an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Day Trading

The Fly

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply