Barclays Raises PepsiCo (NASDAQ:PEP) Price Target to $144.00

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective boosted by analysts at Barclays from $132.00 to $144.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 2.29% from the company's current price.

A number of other research analysts have also issued reports on PEP. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. 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.com, the company has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Down 1.7%

NASDAQ:PEP traded down $2.46 during trading hours on Monday, hitting $140.78. The stock had a trading volume of 1,457,860 shares, compared to its average volume of 7,217,998. The company has a market cap of $192.73 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business has a 50 day simple moving average of $132.23 and a two-hundred day simple moving average of $141.04. PepsiCo has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.28 earnings per share. Analysts predict that PepsiCo will post 8.3 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TAGStone Capital Inc. increased its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC increased its position in shares of PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the period. Legacy Financial Group LLC increased its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the period. Dogwood Wealth Management LLC increased its position in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after purchasing an additional 72 shares during the period. Finally, Centurion Wealth Management LLC increased its position in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after purchasing an additional 75 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.

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