Rothschild & Co Redburn Forecasts Strong Price Appreciation for PepsiCo (NASDAQ:PEP) Stock

PepsiCo (NASDAQ:PEP) had its target price lifted by research analysts at Rothschild & Co Redburn from $115.00 to $117.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “sell” rating on the stock. Rothschild & Co Redburn’s target price would indicate a potential downside of 22.79% from the stock’s current price.

PEP has been the topic of several other reports. HSBC boosted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.00.

PepsiCo Stock Performance

Shares of PEP opened at $151.54 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo has a 1 year low of $127.60 and a 1 year high of $177.50. The stock has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.62 and a beta of 0.46. The company’s fifty day moving average is $144.96 and its two-hundred day moving average is $139.27.

PepsiCo (NASDAQ:PEP) last released 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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts predict that PepsiCo will post 8.3 earnings per share for the current year.

Institutional Trading of PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Key Client Fiduciary Advisors LLC increased its position in PepsiCo by 22.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,631 shares of the company’s stock worth $369,000 after purchasing an additional 486 shares in the last quarter. Revolve Wealth Partners LLC grew its position in PepsiCo by 38.4% in the third quarter. Revolve Wealth Partners LLC now owns 2,471 shares of the company’s stock valued at $347,000 after acquiring an additional 685 shares in the last quarter. Monument Capital Management acquired a new stake in PepsiCo in the third quarter valued at approximately $593,000. Great Waters Wealth Management acquired a new stake in PepsiCo in the third quarter valued at approximately $398,000. Finally, True North Advisors LLC grew its position in PepsiCo by 45.6% in the third quarter. True North Advisors LLC now owns 6,716 shares of the company’s stock valued at $943,000 after acquiring an additional 2,102 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.