PepsiCo, Inc. (NYSE:PEP) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday, Analyst Ratings Net reports. They presently have a $101.47 price objective on the stock. Vetr‘s price objective would indicate a potential upside of 2.19% from the stock’s current price.

Other analysts also recently issued reports about the stock. Barclays lowered their price target on shares of PepsiCo from $111.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Susquehanna reissued a “hold” rating and set a $98.00 price target on shares of PepsiCo in a report on Friday, December 11th. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Sunday. Stifel Nicolaus reissued a “buy” rating and set a $106.00 price target on shares of PepsiCo in a report on Friday, January 22nd. Finally, BMO Capital Markets lowered their price target on shares of PepsiCo from $105.00 to $102.00 in a report on Wednesday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $104.97.

Shares of PepsiCo (NYSE:PEP) opened at 99.30 on Monday. The stock has a 50 day moving average of $98.05 and a 200-day moving average of $97.48. The company has a market capitalization of $144.67 billion and a P/E ratio of 29.47. PepsiCo has a 12-month low of $76.48 and a 12-month high of $103.44.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Investors of record on Friday, December 4th were given a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, December 2nd.

A number of large investors have recently added to or reduced their stakes in PEP. Beacon Capital Management boosted its stake in PepsiCo by 100.0% in the fourth quarter. Beacon Capital Management now owns 2 shares of the company’s stock valued at $0 after buying an additional 1 shares during the last quarter. Kwmg LLC boosted its stake in shares of PepsiCo by 0.6% in the fourth quarter. Kwmg LLC now owns 2,512 shares of the company’s stock worth $251,000 after buying an additional 15 shares in the last quarter. Portland Global Advisors LLC boosted its stake in shares of PepsiCo by 26.7% in the fourth quarter. Portland Global Advisors LLC now owns 2,780 shares of the company’s stock worth $278,000 after buying an additional 586 shares in the last quarter. Scott & Selber Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $297,000. Finally, Armbruster Capital Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $366,000.

PepsiCo, Inc. (NYSE:PEP) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa. Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

12 Month Chart for NYSE:PEP

To view Vetr’s full report, visit Vetr’s official website.

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