Fintel reports that on October 4, 2023, Barclays maintained coverage of PepsiCo (NASDAQ:PEP) with a Overweight recommendation.
Analyst Price Forecast Suggests 21.83% Upside
As of August 31, 2023, the average one-year price target for PepsiCo is 204.30. The forecasts range from a low of 157.56 to a high of $231.00. The average price target represents an increase of 21.83% from its latest reported closing price of 167.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PepsiCo is 88,791MM, a decrease of 1.49%. The projected annual non-GAAP EPS is 7.36.
PepsiCo Declares $1.26 Dividend
On July 20, 2023 the company declared a regular quarterly dividend of $1.26 per share ($5.06 annualized). Shareholders of record as of September 1, 2023 received the payment on September 29, 2023. Previously, the company paid $1.26 per share.
At the current share price of $167.70 / share, the stock's dividend yield is 3.02%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.86%, the lowest has been 2.47%, and the highest has been 3.63%. The standard deviation of yields is 0.23 (n=235).
The current dividend yield is 0.69 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.88. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.24%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 4432 funds or institutions reporting positions in PepsiCo. This is a decrease of 33 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to PEP is 0.76%, a decrease of 5.60%. Total shares owned by institutions decreased in the last three months by 5.66% to 1,081,433K shares. 
The put/call ratio of PEP is 0.95, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 42,954K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 42,634K shares, representing an increase of 0.75%. The firm decreased its portfolio allocation in PEP by 5.55% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 32,802K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 32,137K shares, representing an increase of 2.03%. The firm decreased its portfolio allocation in PEP by 6.07% over the last quarter.
Geode Capital Management holds 27,064K shares representing 1.97% ownership of the company. In it's prior filing, the firm reported owning 26,127K shares, representing an increase of 3.46%. The firm decreased its portfolio allocation in PEP by 4.79% over the last quarter.
Bank Of America holds 23,869K shares representing 1.73% ownership of the company. In it's prior filing, the firm reported owning 26,937K shares, representing a decrease of 12.85%. The firm increased its portfolio allocation in PEP by 260.24% over the last quarter.
Jpmorgan Chase holds 18,597K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 16,943K shares, representing an increase of 8.89%. The firm increased its portfolio allocation in PEP by 692.24% over the last quarter.
PepsiCo Background Information
(This description is provided by the company.)
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business
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