PepsiCo (PEP) PT Lowered to $115.00 at SunTrust Banks

PepsiCo (NASDAQ:PEP) had its target price trimmed by SunTrust Banks from $125.00 to $115.00 in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a hold rating on the stock. SunTrust Banks also issued estimates for PepsiCo’s Q1 2018 earnings at $0.92 EPS, Q2 2018 earnings at $1.53 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.56 EPS, FY2018 earnings at $5.70 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.67 EPS, Q3 2019 earnings at $1.83 EPS, Q4 2019 earnings at $1.68 EPS and FY2019 earnings at $6.21 EPS.

PEP has been the subject of several other reports. Jefferies Group restated a hold rating and set a $113.00 target price on shares of PepsiCo in a research note on Tuesday, February 13th. Zacks Investment Research upgraded PepsiCo from a sell rating to a hold rating in a research note on Tuesday, December 12th. Susquehanna Bancshares upped their price target on shares of PepsiCo from $137.00 to $140.00 and gave the stock a positive rating in a report on Monday, February 12th. Stifel Nicolaus reiterated a hold rating and set a $120.00 price target on shares of PepsiCo in a report on Friday, December 22nd. Finally, Royal Bank of Canada reiterated a hold rating on shares of PepsiCo in a report on Sunday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PepsiCo presently has a consensus rating of Hold and a consensus target price of $123.04.

Shares of PepsiCo (NASDAQ PEP) opened at $111.06 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.21 and a current ratio of 1.51. PepsiCo has a 12 month low of $106.19 and a 12 month high of $122.51. The firm has a market capitalization of $157,820.00, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. equities analysts anticipate that PepsiCo will post 5.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be issued a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.90%. PepsiCo’s payout ratio is 63.26%.

PepsiCo announced that its board has authorized a share buyback plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. acquired a new stake in PepsiCo in the fourth quarter valued at $140,000. Avestar Capital LLC acquired a new stake in PepsiCo in the fourth quarter valued at $154,000. Rational Advisors LLC acquired a new stake in PepsiCo in the fourth quarter valued at $168,000. Almanack Investment Partners LLC. increased its holdings in PepsiCo by 48.5% in the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock valued at $175,000 after purchasing an additional 474 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 70.03% of the company’s stock.

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PepsiCo Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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