Other analysts also recently issued research reports about the stock. Royal Bank of Canada set a GBX 5,200 ($67.95) price target on shares of London Stock Exchange Group and gave the company a buy rating in a report on Wednesday, April 24th. Wells Fargo & Co started coverage on shares of Semtech in a report on Tuesday, May 14th. They issued an outperform rating and a $48.03 price objective on the stock. SunTrust Banks raised their price objective on shares of PepsiCo to $120.00 and gave the stock a hold rating in a report on Thursday, April 18th. Credit Suisse Group assumed coverage on shares of Procter & Gamble in a research note on Wednesday, March 6th. They set a neutral rating and a $100.00 target price on the stock. Finally, Zacks Investment Research cut shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $128.53.
NASDAQ PEP traded down $2.79 during trading on Friday, hitting $130.09. The company had a trading volume of 5,021,934 shares, compared to its average volume of 4,460,286. The firm has a market capitalization of $181.89 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo has a one year low of $104.53 and a one year high of $135.24. The stock has a fifty day simple moving average of $132.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
In other PepsiCo news, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the sale, the executive vice president now owns 80,934 shares in the company, valued at approximately $10,231,676.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction that occurred on 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 approximately $7,013,233.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,914 shares of company stock valued at $6,497,864. 0.28% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new position in PepsiCo in the 2nd quarter valued at $27,000. Highwater Wealth Management LLC acquired a new position in PepsiCo in the 4th quarter valued at $28,000. Horan Securities Inc. raised its stake in PepsiCo by 460.0% in the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in PepsiCo in the 4th quarter valued at $39,000. Finally, Financial Gravity Companies Inc. acquired a new position in PepsiCo in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 70.93% of the company’s stock.
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.
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