PepsiCo (NASDAQ:PEP) Price Target Raised to $159.00

PepsiCo (NASDAQ:PEP) had its price objective boosted by analysts at JPMorgan Chase & Co. from $158.00 to $159.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.31% from the company’s previous close.

A number of other research firms also recently issued reports on PEP. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.76.

PepsiCo Stock Performance

Shares of PEP opened at $142.84 on Monday. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo has a 1 year low of $138.33 and a 1 year high of $183.41. The company’s 50 day simple moving average is $148.16 and its 200 day simple moving average is $154.74.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo will post 8.3 EPS for the current year.

Institutional Trading of PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Company Profile

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.