PepsiCo (NASDAQ:PEP) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

PepsiCo (NASDAQ:PEP) had its price objective boosted by equities research analysts at Jefferies Financial Group from $161.00 to $163.00 in a report released on Friday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 8.61% from the stock’s previous close.

Several other analysts also recently commented on PEP. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Finally, Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.88.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.08 on Friday. The company has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46. PepsiCo has a 52 week low of $127.60 and a 52 week high of $177.50. The business has a 50 day moving average price of $144.53 and a 200-day moving average price of $139.26. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Institutional Trading of PepsiCo

A number of large investors have recently bought and sold shares of PEP. Norges Bank bought a new position in shares of PepsiCo in the second quarter worth $2,330,594,000. Nuveen LLC bought a new position in shares of PepsiCo in the first quarter worth $946,978,000. Laurel Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 14,420.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock worth $513,726,000 after acquiring an additional 3,863,893 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the second quarter worth $460,110,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after acquiring an additional 2,556,163 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

About PepsiCo

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.