Vetr lowered shares of Pepsico, Inc. (NYSE:PEP) from a buy rating to a hold rating in a research note released on Tuesday. Vetr currently has $106.67 price objective on the stock.

A number of other research firms have also weighed in on PEP. Credit Suisse Group began coverage on Pepsico in a research note on Thursday, September 15th. They issued an outperform rating and a $121.00 price objective for the company. Zacks Investment Research lowered Pepsico from a hold rating to a sell rating in a research note on Thursday, September 22nd. Bank of America Corporation reaffirmed a buy rating and issued a $120.00 price objective on shares of Pepsico in a research note on Thursday, September 22nd. Jefferies Group reaffirmed a buy rating and issued a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research note on Friday, September 30th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $120.00 price objective (up previously from $116.00) on shares of Pepsico in a research note on Friday, September 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Pepsico has a consensus rating of Buy and an average target price of $113.43.

Pepsico (NYSE:PEP) opened at 101.84 on Tuesday. Pepsico has a 52-week low of $93.25 and a 52-week high of $110.94. The company’s 50-day moving average price is $103.54 and its 200 day moving average price is $106.00. The company has a market capitalization of $146.06 billion, a price-to-earnings ratio of 22.34 and a beta of 0.51.

The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 2nd were paid a $0.7525 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $3.01 dividend on an annualized basis and a yield of 2.96%. Pepsico’s dividend payout ratio (DPR) is 66.01%.

A number of institutional investors have recently modified their holdings of PEP. Braver Wealth Management LLC raised its position in Pepsico by 70.0% in the second quarter. Braver Wealth Management LLC now owns 33,664 shares of the company’s stock worth $3,566,000 after buying an additional 13,865 shares during the last quarter. Gofen & Glossberg LLC IL raised its position in Pepsico by 0.8% in the second quarter. Gofen & Glossberg LLC IL now owns 409,409 shares of the company’s stock worth $43,373,000 after buying an additional 3,228 shares during the last quarter. Harvest Capital Management Inc. raised its position in Pepsico by 0.4% in the second quarter. Harvest Capital Management Inc. now owns 10,841 shares of the company’s stock worth $1,148,000 after buying an additional 46 shares during the last quarter. Country Trust Bank raised its position in Pepsico by 73.9% in the second quarter. Country Trust Bank now owns 144,368 shares of the company’s stock worth $15,294,000 after buying an additional 61,336 shares during the last quarter. Finally, Renaissance Investment Group LLC raised its position in Pepsico by 0.3% in the second quarter. Renaissance Investment Group LLC now owns 60,793 shares of the company’s stock worth $6,440,000 after buying an additional 198 shares during the last quarter. Institutional investors own 69.04% of the company’s stock.

Pepsico Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

The article first appeared in sportsperspectives.com