PepsiCo (NASDAQ:PEP) Given New $150.00 Price Target at BNP Paribas Exane

PepsiCo (NASDAQ:PEP) had its target price decreased by research analysts at BNP Paribas Exane from $152.00 to $150.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. BNP Paribas Exane’s price target indicates a potential upside of 6.85% from the stock’s previous close.

Several other equities analysts have also recently issued reports on PEP. Barclays reaffirmed a “cautious” rating on shares of PepsiCo in a research report on Friday. JPMorgan Chase & Co. decreased their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Stock Down 1.1%

Shares of NASDAQ PEP opened at $140.38 on Monday. The company has a market cap of $192.19 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.58 and a beta of 0.46. The firm’s fifty day moving average is $144.36 and its 200 day moving average is $139.34. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts expect that PepsiCo will post 8.3 earnings per share for the current year.

Hedge Funds Weigh In On PepsiCo

Several institutional investors and hedge funds have recently bought and sold shares of PEP. Brighton Jones LLC grew its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of PepsiCo by 4.5% during the first quarter. Congress Asset Management Co. now owns 2,491 shares of the company’s stock worth $373,000 after purchasing an additional 108 shares during the last quarter. Wedmont Private Capital grew its position in PepsiCo by 2.5% during the 1st quarter. Wedmont Private Capital now owns 9,815 shares of the company’s stock worth $1,418,000 after purchasing an additional 242 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of PepsiCo by 11.7% in the first quarter. Revolve Wealth Partners LLC now owns 1,892 shares of the company’s stock worth $284,000 after buying an additional 198 shares during the last quarter. Finally, RDA Financial Network lifted its holdings in PepsiCo by 4.8% in the first quarter. RDA Financial Network now owns 1,846 shares of the company’s stock valued at $277,000 after acquiring an additional 85 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.