Published On: Sat, Sep 10th, 2016

PepsiCo Inc. (PEP) Stock Rating Upgraded by Vetr Inc.

PepsiCo Inc. (NYSE:PEP) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $112.11 target price on the stock. Vetr‘s target price points to a potential upside of 7.75% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Credit Agricole SA reiterated an “outperform” rating on shares of PepsiCo in a report on Tuesday, May 17th. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a report on Wednesday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Finally, Deutsche Bank AG upped their price objective on shares of PepsiCo from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. PepsiCo presently has an average rating of “Buy” and an average target price of $110.46.
PepsiCo (NYSE:PEP) traded down 2.65% during trading on Wednesday, reaching $104.05. The company had a trading volume of 6,134,504 shares. The company has a 50-day moving average price of $108.00 and a 200 day moving average price of $104.38. The company has a market capitalization of $149.74 billion, a price-to-earnings ratio of 29.40 and a beta of 0.48. PepsiCo has a one year low of $90.99 and a one year high of $110.94.

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PepsiCo (NYSE:PEP) last released its earnings results on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $15.40 billion for the quarter. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. PepsiCo’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. Analysts expect that PepsiCo will post $4.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 84.79%.
In related news, SVP Marie T. Gallagher sold 13,586 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $109.01, for a total value of $1,481,009.86. Following the completion of the transaction, the senior vice president now directly owns 58,183 shares of the company’s stock, valued at approximately $6,342,528.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 51,137 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock valued at $2,055,547,000 after buying an additional 543,183 shares in the last quarter. Credit Agricole S A boosted its stake in PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock valued at $217,235,000 after buying an additional 80,183 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock valued at $98,191,000 after buying an additional 70,410 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock valued at $196,042,000 after buying an additional 78,848 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in PepsiCo by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 373,888 shares of the company’s stock valued at $39,610,000 after buying an additional 21,965 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.
About PepsiCo
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
To view Vetr’s full report, visit Vetr’s official website.

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