Jefferies Group reissued their hold rating on shares of PepsiCo (NASDAQ:PEP) in a research report released on Thursday, January 4th. The brokerage currently has a $113.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. BMO Capital Markets restated a hold rating and issued a $120.00 target price on shares of PepsiCo in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of PepsiCo from a hold rating to a buy rating and set a $122.00 target price for the company in a research note on Tuesday, October 3rd. Credit Suisse Group reiterated a hold rating and issued a $122.00 price objective (down previously from $124.00) on shares of PepsiCo in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reiterated a hold rating on shares of PepsiCo in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. PepsiCo presently has a consensus rating of Hold and an average price target of $123.30.

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PepsiCo (PEP) traded up $0.47 during midday trading on Thursday, hitting $120.14. 1,280,497 shares of the company were exchanged, compared to its average volume of 3,990,875. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $173,160.13, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.14 and a beta of 0.68. PepsiCo has a 1 year low of $102.98 and a 1 year high of $122.51.

The company also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 1st were given a dividend of $0.805 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.68%. PepsiCo’s payout ratio is currently 66.53%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. grew its position in PepsiCo by 26.1% in the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock valued at $485,168,000 after buying an additional 899,911 shares in the last quarter. SG Americas Securities LLC lifted its holdings in PepsiCo by 3,234.3% in the 4th quarter. SG Americas Securities LLC now owns 471,207 shares of the company’s stock valued at $56,507,000 after acquiring an additional 457,075 shares during the last quarter. APG Asset Management N.V. lifted its holdings in PepsiCo by 6.6% in the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock valued at $669,989,000 after acquiring an additional 413,900 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PepsiCo by 16.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock valued at $238,634,000 after acquiring an additional 284,979 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in PepsiCo by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock valued at $974,344,000 after acquiring an additional 252,631 shares during the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.

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About PepsiCo

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).

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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