PepsiCo (NASDAQ:PEP) PT Raised to $168.00 at Credit Suisse Group

PepsiCo (NASDAQ:PEP – Get Rating) had its target price upped by analysts at Credit Suisse Group from $163.00 to $168.00 in a research note issued on Wednesday, The Fly reports. Credit Suisse Group’s price objective indicates a potential downside of 3.06% from the stock’s previous close.

A number of other equities analysts have also weighed in on PEP. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 target price for the company in a research report on Monday, April 4th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Tuesday, February 15th. Citigroup increased their price objective on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Finally, Argus increased their target price on shares of PepsiCo from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, January 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Buy” and a consensus price target of $174.94.

Shares of NASDAQ:PEP opened at $173.30 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.83. The firm has a fifty day moving average price of $166.55 and a 200 day moving average price of $167.03. PepsiCo has a fifty-two week low of $141.73 and a fifty-two week high of $177.24. The firm has a market cap of $239.61 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 3.48 and a beta of 0.65.

PepsiCo (NASDAQ:PEP – Get Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.06. PepsiCo had a net margin of 9.59% and a return on equity of 56.42%. The firm had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. PepsiCo’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, research analysts predict that PepsiCo will post 6.64 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $256,000. Keudell Morrison Wealth Management increased its position in PepsiCo by 5.7% during the 3rd quarter. Keudell Morrison Wealth Management now owns 5,324 shares of the company’s stock valued at $801,000 after purchasing an additional 289 shares during the period. Van ECK Associates Corp increased its position in PepsiCo by 7.9% during the 3rd quarter. Van ECK Associates Corp now owns 29,780 shares of the company’s stock valued at $4,480,000 after purchasing an additional 2,178 shares during the period. Strategic Asset Management LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $28,000. Finally, Independent Wealth Network Inc. purchased a new position in PepsiCo during the 3rd quarter valued at about $261,000. 71.08% of the stock is currently owned by institutional investors.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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