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Morgan Stanley Raises Numbers on PepsiCo (PEP)
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.
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