PepsiCo (NASDAQ:PEP) Price Target Raised to $144.00

PepsiCo (NASDAQ:PEP) had its price target upped by analysts at Barclays from $142.00 to $144.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 2.78% from the company’s previous close.

Several other equities research analysts have also commented on the company. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Loop Capital set a $164.00 price target on shares of PepsiCo in a report on Thursday, October 23rd. Citigroup decreased their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group raised their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, UBS Group restated a “buy” rating and set a $172.00 target price on shares of PepsiCo in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $158.35.

PepsiCo Trading Up 2.4%

Shares of PEP stock opened at $148.12 on Wednesday. PepsiCo has a 1-year low of $127.60 and a 1-year high of $160.51. The firm’s 50-day simple moving average is $146.86 and its 200-day simple moving average is $141.97. The firm has a market cap of $202.53 billion, a P/E ratio of 28.12, a PEG ratio of 4.99 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. As a group, equities analysts forecast that PepsiCo will post 8.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the 2nd quarter worth $27,000. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo in the 3rd quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at about $29,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors 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.