Barclays Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective reduced by stock analysts at Barclays from $135.00 to $132.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential downside of 2.48% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.00.

PepsiCo Stock Up 1.2%

NASDAQ PEP traded up $1.54 on Tuesday, reaching $135.35. The company had a trading volume of 10,923,842 shares, compared to its average volume of 7,127,899. The firm has a market capitalization of $185.58 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 4.18 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo has a 1-year low of $127.60 and a 1-year high of $180.91. The company's fifty day moving average is $131.69 and its 200-day moving average is $141.29.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts forecast that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PEP. Norges Bank bought a new position in PepsiCo in the 4th quarter valued at about $2,729,565,000. Nuveen LLC bought a new position in shares of PepsiCo during the first quarter worth approximately $946,978,000. GAMMA Investing LLC increased its holdings in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo during the second quarter worth approximately $460,110,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the period. 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.