BNP Paribas Exane Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

Key Points

• BNP Paribas Exane has lowered its price target for PepsiCo's stock from $152.00 to $150.00, maintaining a "neutral" rating which suggests a potential upside of 6.85%.
• Bank of America, JPMorgan Chase, and Barclays have also reduced their price targets and issued "neutral" or "cautious" ratings on PepsiCo, while Morgan Stanley has raised its target price to $165.00.
• PepsiCo reported a 1.0% increase in revenue year-over-year with an earnings per share of $2.12, surpassing analyst expectations.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target lowered by investment analysts at BNP Paribas Exane from $152.00 to $150.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has a "neutral" rating on the stock. BNP Paribas Exane's price target indicates a potential upside of 6.85% from the stock's previous close.

A number of other research analysts have also recently commented on the company. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays restated a "cautious" rating on shares of PepsiCo in a report on Friday. 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 note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Down 1.1%

PEP opened at $140.38 on Monday. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a market capitalization of $192.19 billion, a P/E ratio of 25.72, a P/E/G ratio of 3.58 and a beta of 0.46. The stock has a fifty day moving average of $144.36 and a 200-day moving average of $139.34. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts expect that PepsiCo will post 8.3 EPS for the current year.

Hedge Funds Weigh In On PepsiCo

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in PepsiCo in the 2nd quarter valued at approximately $2,330,594,000. Nuveen LLC purchased a new stake in shares of PepsiCo in the 1st quarter valued at about $946,978,000. Laurel Wealth Advisors LLC boosted its position in shares of PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company's stock valued at $513,726,000 after acquiring an additional 3,863,893 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the second quarter worth approximately $460,110,000. Finally, Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock worth $3,833,406,000 after buying an additional 2,556,163 shares in the last quarter. Hedge funds and other institutional investors 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.

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