PepsiCo (NASDAQ:PEP) Given New $175.00 Price Target at UBS Group

PepsiCo (NASDAQ:PEP) had its price target lowered by UBS Group from $193.00 to $175.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Bank of America dropped their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $180.27.

PepsiCo Trading Up 1.2 %

NASDAQ PEP opened at $146.58 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market capitalization of $201.11 billion, a PE ratio of 21.62, a P/E/G ratio of 2.57 and a beta of 0.54. The stock has a 50-day simple moving average of $156.06 and a 200 day simple moving average of $166.05.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo’s dividend payout ratio is 79.94%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PEP. Edgestream Partners L.P. raised its holdings in shares of PepsiCo by 190.5% in the 2nd quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock valued at $2,206,000 after purchasing an additional 8,772 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in PepsiCo by 2.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 231,170 shares of the company’s stock valued at $38,127,000 after buying an additional 4,912 shares during the period. Paces Ferry Wealth Advisors LLC boosted its stake in shares of PepsiCo by 17.9% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,506 shares of the company’s stock worth $248,000 after acquiring an additional 229 shares during the period. Altrius Capital Management Inc increased its holdings in shares of PepsiCo by 2.2% during the 2nd quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock worth $3,903,000 after acquiring an additional 504 shares during the last quarter. Finally, Miramar Capital LLC lifted its holdings in PepsiCo by 12.6% during the 2nd quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock valued at $19,641,000 after purchasing an additional 13,326 shares during the last quarter. 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.