PepsiCo, Inc. (NASDAQ:PEP) Given Average Rating of “Hold” by Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $183.14.

Several research analysts recently weighed in on the stock. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research note on Thursday, October 19th. Wedbush dropped their target price on PepsiCo from $206.00 to $195.00 and set an “outperform” rating for the company in a research note on Monday, October 9th. Argus decreased their target price on shares of PepsiCo from $212.00 to $186.00 in a research report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Wednesday, October 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $188.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th.

Hedge Funds Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Savings Bank raised its stake in shares of PepsiCo by 0.6% in the 1st quarter. Essex Savings Bank now owns 18,928 shares of the company’s stock worth $3,451,000 after buying an additional 107 shares in the last quarter. First Personal Financial Services grew its position in PepsiCo by 2.0% in the first quarter. First Personal Financial Services now owns 32,470 shares of the company’s stock worth $5,919,000 after buying an additional 623 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of PepsiCo by 1.2% during the 2nd quarter. Liberty One Investment Management LLC now owns 145,654 shares of the company’s stock worth $26,978,000 after acquiring an additional 1,693 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of PepsiCo by 1.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 56,472 shares of the company’s stock worth $10,460,000 after purchasing an additional 639 shares during the period. Finally, Warther Private Wealth LLC increased its stake in PepsiCo by 7.4% in the 1st quarter. Warther Private Wealth LLC now owns 2,479 shares of the company’s stock worth $452,000 after purchasing an additional 171 shares in the last quarter. 71.40% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP opened at $166.83 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89. PepsiCo has a 12-month low of $155.83 and a 12-month high of $196.88. The stock has a market capitalization of $229.37 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.61 and a beta of 0.57. The business’s 50 day moving average is $169.83 and its two-hundred day moving average is $180.55.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 10th. The company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.15 by $0.10. The firm had revenue of $23.45 billion during the quarter, compared to analysts’ expectations of $23.41 billion. PepsiCo had a net margin of 9.05% and a return on equity of 58.28%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.97 earnings per share. Research analysts expect that PepsiCo will post 7.54 EPS for the current year.

PepsiCo Company Profile

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.