Morgan Stanley Raises Numbers on PepsiCo (PEP)

Morgan Stanley Raises Numbers on PepsiCo (PEP)

RSS

Beverage and packaged food giant PepsiCo, Inc. (PEP) had its price target and earnings estimates raised at Morgan Stanley on Friday, as the analysts look highly on its organic sales growth.

The analysts maintain an “Overweight” rating on PEP with a new price target of $81. This valuation suggests a 12% upside to Thursday’s closing price of $72.28.

PepsiCo shares were up slightly during morning trading on Friday. The stock is up about +16% over the past year.

The Bottom Line
Shares of PepsiCo (PEP) have a dividend yield of 3.14% based on last night’s closing price of $72.78 and the company’s annualized dividend payout of $2.27 per share.

PepsiCo, Inc. (PEP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today