PepsiCo (NASDAQ:PEP) Price Target Raised to $185.00

PepsiCo (NASDAQ:PEP) had its price target increased by research analysts at Barclays from $184.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 5.37% from the company’s current price.

Several other equities analysts have also recently weighed in on PEP. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

NASDAQ PEP opened at $175.58 on Thursday. The company has a fifty day simple moving average of $169.40 and a 200 day simple moving average of $167.86. PepsiCo has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company has a market cap of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter last year, the firm posted $1.50 EPS. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that PepsiCo will post 8.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Several large investors have recently added to or reduced their stakes in the company. Strategy Asset Managers LLC increased its holdings in PepsiCo by 0.9% in the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock worth $1,161,000 after acquiring an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC grew its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Darwin Wealth Management LLC grew its holdings in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares in the last quarter. Finally, SYM FINANCIAL Corp grew its holdings in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.