PepsiCo (NASDAQ:PEP) Price Target Lowered to $144.00 at Barclays

PepsiCo (NASDAQ:PEP) had its target price lowered by equities researchers at Barclays from $158.00 to $144.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 2.01% from the stock’s current price.

A number of other equities research analysts have also commented on the company. UBS Group reduced their price target on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Bank of America dropped their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Jefferies Financial Group set a $162.00 price target on shares of PepsiCo in a research report on Thursday, June 25th. Sanford C. Bernstein set a $142.00 price target on PepsiCo and gave the stock a “market perform” rating in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $165.70.

PepsiCo Stock Performance

PepsiCo stock opened at $141.16 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The stock has a market cap of $192.93 billion, a PE ratio of 22.16, a P/E/G ratio of 2.73 and a beta of 0.36. PepsiCo has a 12-month low of $132.96 and a 12-month high of $171.48. The business’s 50-day moving average price is $147.24 and its two-hundred day moving average price is $151.86.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company 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 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts expect that PepsiCo will post 8.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. PVG Asset Management Corp raised its holdings in shares of PepsiCo by 143.2% during the second quarter. PVG Asset Management Corp now owns 4,142 shares of the company’s stock valued at $561,000 after purchasing an additional 2,439 shares during the period. First Financial Bank Trust Division grew its stake in shares of PepsiCo by 2.5% in the 2nd quarter. First Financial Bank Trust Division now owns 60,478 shares of the company’s stock valued at $8,189,000 after buying an additional 1,484 shares during the period. Adelphi Trust Co grew its stake in shares of PepsiCo by 25.7% in the 2nd quarter. Adelphi Trust Co now owns 7,405 shares of the company’s stock valued at $1,003,000 after buying an additional 1,513 shares during the period. Winning Points Advisors LLC bought a new stake in PepsiCo in the 1st quarter valued at about $213,000. Finally, Ballast Advisors LLC raised its stake in PepsiCo by 9.3% during the 1st quarter. Ballast Advisors LLC now owns 9,964 shares of the company’s stock worth $1,547,000 after buying an additional 848 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, highlighting gains in regenerative farming, sustainable sourcing, and livelihood programs, which supports its long-term ESG and supply-chain narrative. PEPSICO ANNOUNCES PROGRESS TOWARD 2030 AGRICULTURE GOALS
• Positive Sentiment: Citi maintained a Buy rating on PepsiCo while trimming its price target to $170 from $182, signaling continued analyst confidence ahead of earnings. Citi Maintains Bullish Outlook on PepsiCo (PEP) Following a Q2 Results Preview
• Positive Sentiment: JPMorgan also lowered its target to $170 but kept an Overweight rating, reinforcing the view that the shares still have upside from current levels. JPMorgan adjusts price target on PepsiCo to $170 from $178, maintains overweight rating
• Positive Sentiment: PepsiCo is expected to report earnings Thursday, putting a near-term catalyst in focus for the stock. PepsiCo (PEP) to Post Earnings on Thursday
• Neutral Sentiment: Several articles highlighted PepsiCo’s branding and operational initiatives, including a new India flavor plant, AI-driven delivery efforts, and commentary from executives, but these are not immediate stock-moving catalysts.
• Negative Sentiment: Some coverage pointed to growth concerns, including a Seeking Alpha note that shifted PepsiCo to Hold as questions about the company’s growth outlook persist. PepsiCo Moves To Hold As Growth Questions Persist
• Negative Sentiment: In India, regulators issued notices over “energy drink” labeling claims, creating a small headline risk for PepsiCo’s beverage business. FSSAI issues notices to PepsiCo, Red Bull over ‘energy drink’ claims

About PepsiCo

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.