By otakuyassine3@gmail.com 
PepsiCo (NASDAQ:PEP – Get Free Report) had its price objective decreased by Barclays from $158.00 to $153.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 5.82% from the company’s current price.
A number of other research firms also recently commented on PEP. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday. Finally, UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $171.47.
Get Our Latest Analysis on PepsiCo
PepsiCo Price Performance
PEP stock opened at $144.58 on Thursday. The stock has a 50-day moving average price of $151.80 and a two-hundred day moving average price of $164.26. The stock has a market cap of $198.29 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities analysts forecast that PepsiCo will post 8.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of PepsiCo during the fourth quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. International Assets Investment Management LLC increased its holdings in shares of PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock worth $547,626,000 after purchasing an additional 3,201,676 shares during the period. State Street Corp increased its holdings in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. 73.07% of the stock is owned by 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.
Featured Stories
Receive News & Ratings for PepsiCo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PepsiCo and related companies with MarketBeat.com’s FREE daily email newsletter.