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

PepsiCo (NASDAQ:PEP) had its price objective reduced by BNP Paribas from $162.00 to $160.00 in a research report sent to investors on Tuesday. They currently have a neutral rating on the stock.

PEP has been the subject of several other reports. UBS Group cut their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. 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 note on Friday, January 17th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday. They issued a $172.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Trading Down 0.2 %

Shares of PEP stock opened at $145.35 on Tuesday. PepsiCo has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market capitalization of $199.42 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54. The firm has a 50-day moving average price of $152.15 and a 200 day moving average price of $164.39. 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 announced its quarterly 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. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the firm posted $1.78 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Research analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 79.94%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. 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 valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. 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.