Barclays Lowers PepsiCo (NASDAQ:PEP) Price Target to $132.00

PepsiCo (NASDAQ:PEP) had its target price dropped by equities research analysts at Barclays from $135.00 to $132.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 2.48% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.00.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $135.35 on Tuesday. The company has a market cap of $185.58 billion, a P/E ratio of 19.90, a P/E/G ratio of 4.18 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo has a 52 week low of $127.60 and a 52 week high of $180.91. The business has a fifty day simple moving average of $131.69 and a 200-day simple moving average of $141.29.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the firm posted $1.61 EPS. PepsiCo’s revenue was down 1.8% on a year-over-year basis. Equities research analysts forecast that PepsiCo will post 8.3 EPS for the current year.

Hedge Funds Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ossiam boosted its stake in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo during the 1st quarter worth $3,633,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. 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.