PepsiCo (NASDAQ:PEP) Given New $150.00 Price Target at TD Cowen

PepsiCo (NASDAQ:PEP) had its price objective reduced by stock analysts at TD Cowen from $165.00 to $150.00 in a note issued to investors on Friday,MarketScreener reports. TD Cowen’s price objective would suggest a potential upside of 4.40% from the company’s current price.

A number of other equities analysts have also commented on PEP. Evercore raised their price objective on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. HSBC increased their price target on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Finally, Barclays lifted their target price on shares of PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.35.

PepsiCo Stock Down 0.0%

Shares of PepsiCo stock opened at $143.68 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The business has a 50-day moving average price of $151.32 and a 200 day moving average price of $152.42. The firm has a market cap of $196.37 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.62 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo will post 8.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after acquiring an additional 1,612,652 shares during the last quarter. State Street Corp lifted its holdings in PepsiCo by 1.8% in the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after buying an additional 1,079,970 shares during the period. Auto Owners Insurance Co boosted its position in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after acquiring an additional 48,923,629 shares during the last quarter. Geode Capital Management LLC grew its holdings in PepsiCo by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after acquiring an additional 360,936 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock worth $4,031,646,000 after acquiring an additional 295,955 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding autonomous truck use in its supply chain through a multiyear partnership with Gatik, aiming to boost capacity and improve efficiency in difficult-to-staff transportation routes. PepsiCo expanding autonomous truck use in its supply chain
• Positive Sentiment: PepsiCo is partnering with Compeer Financial on a pilot strip-till equipment financing program that helps farmers adopt soil-conservation practices, reinforcing the company’s sustainability positioning and farm-supply relationships. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Positive Sentiment: PepsiCo executives highlighted women’s sports as a key growth driver, suggesting the company sees fresh marketing and sponsorship opportunities to deepen brand engagement. BIS: PepsiCo’s Carolyn Braff on women’s sports being a key growth driver
• Neutral Sentiment: Several articles expanded on PepsiCo’s driverless freight rollout, describing it as a large-scale deployment across Texas, Arizona, and Arkansas; while strategically interesting, the immediate stock impact is likely limited unless it translates into measurable cost savings. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Neutral Sentiment: Analyst commentary trimmed FY2027 EPS estimates only marginally, keeping the longer-term earnings outlook broadly intact versus consensus. PepsiCo analyst estimate update
• Negative Sentiment: PepsiCo’s shares remain below their 50-day and 200-day moving averages, and the stock has been under pressure recently, which may signal that investors still have reservations about growth and valuation. PepsiCo stock overview

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.