PepsiCo (NASDAQ:PEP) Stock Rating Lowered by Wall Street Zen

PepsiCo (NASDAQ:PEP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also recently commented on the company. UBS Group reaffirmed a “buy” rating and issued a $172.00 target price on shares of PepsiCo in a research report on Tuesday, December 9th. Rothschild & Co Redburn increased their price objective on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Loop Capital set a $164.00 target price on PepsiCo in a research note on Thursday, October 23rd. The Goldman Sachs Group increased their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Piper Sandler raised their price target on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $158.75.

PepsiCo Trading Up 0.0%

Shares of PEP opened at $143.78 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo has a 1-year low of $127.60 and a 1-year high of $160.15. The stock has a market capitalization of $196.60 billion, a P/E ratio of 27.33, a P/E/G ratio of 4.96 and a beta of 0.42. The business’s 50-day moving average price is $147.27 and its 200 day moving average price is $143.33.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. 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 company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the company posted $2.31 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that PepsiCo will post 8.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of PepsiCo in the first quarter worth $127,000. Evergreen Capital Management LLC boosted its holdings in shares of PepsiCo by 252.9% during the 1st quarter. Evergreen Capital Management LLC now owns 47,618 shares of the company’s stock worth $7,140,000 after buying an additional 34,123 shares during the period. Vident Advisory LLC grew its stake in PepsiCo by 120.5% in the 1st quarter. Vident Advisory LLC now owns 73,449 shares of the company’s stock valued at $11,015,000 after buying an additional 40,142 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in PepsiCo by 5,844.4% in the 1st quarter. Activest Wealth Management now owns 535 shares of the company’s stock worth $80,000 after acquiring an additional 526 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.