Pepsico, Inc. (NYSE:PEP).
On June 7 the company was downgraded from “” to “Market Perform” and a price target of $120.00 was set in a statement from BMO Capital. On October 3 Citigroup maintained a stock rating of “Neutral” but moved up the price target from $110.00 to $115.00.
September 30 investment analysts at Jefferies made no change to the company rating of “Buy” and raised the price target to $122.00 from $109.00. On June 29 Goldman Sachs made no change to the stock rating of “Neutral” and moved down the price target to $104.00 from $105.00.
April 19 investment analysts at Goldman Sachs left the stock rating at “Neutral” but raised the price target from $103.00 to $105.00.
The company is so far trading up since yesterday’s close of $113.74. Pepsico, Inc. declared a dividend that was paid on Friday June 30th, 2017. The dividend was $0.805 per share for the quarter which is $3.22 annualized. The dividend yield was $2.79. The ex-dividend date was set for Wednesday the 31st of May 2017.
Shares last traded at $114.63 a tad under the 50 day moving average of $116.14 and a tad higher than the 200 day moving average of $110.39. The 50 day moving average was down $-1.47 and the 200 day average was up $4.28.
PepsiCo, Inc., launched on November 13, 1986, is a global food and beverage company. The Business’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. As of December 31, 2016, through its operations, authorized bottlers, contract manufacturers and other third parties, the Company made, marketed, distributed and sold a range of beverages, foods and snacks, serving customers and consumers in over 200 countries and territories. 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). The FLNA segment includes its branded food and snack businesses in the United States and Canada. The QFNA segment includes its cereal, rice, pasta and other branded food businesses in the United States and Canada. The NAB segment includes its beverage businesses in the United States and Canada. The Latin America segment includes its beverage, food and snack businesses in Latin America. The ESSA segment includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa. The AMENA segment includes its beverage, food and snack businesses in Asia, Middle East and North Africa..
The P/E ratio is currently 24.71 and market cap is 163.81B. In the latest earnings report the EPS was $4.64 and is expected to be $5.14 for the current year with 1,428,501,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.31 with next year’s EPS projected to be $5.56.