HSBC Raises PepsiCo (NASDAQ:PEP) Price Target to $152.00

Key Points

• HSBC has raised PepsiCo's price target from $145.00 to $152.00, maintaining a "hold" rating which suggests limited expected growth.
• The stock's current price indicates a potential upside of 1.28% from the new price target set by HSBC.
• PepsiCo's recent quarterly earnings reported an EPS of $2.29, exceeding expectations, with revenue of $23.94 billion for the quarter.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target lifted by stock analysts at HSBC from $145.00 to $152.00 in a report issued on Friday,MarketScreener reports. The firm currently has a "hold" rating on the stock. HSBC's target price points to a potential upside of 1.28% from the stock's current price.

PEP has been the subject of several other reports. Barclays boosted their price target on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $157.75.

PepsiCo Trading Up 3.7%

Shares of PepsiCo stock opened at $150.08 on Friday. The business has a 50 day moving average price of $144.53 and a 200 day moving average price of $139.26. The company has a market capitalization of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.76 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts anticipate that PepsiCo will post 8.3 EPS for the current fiscal year.

Institutional Trading of PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company's stock worth $18,081,034,000 after buying an additional 1,761,785 shares in the last quarter. State Street Corp grew its stake in PepsiCo by 1.6% during the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company's stock valued at $7,713,757,000 after purchasing an additional 920,045 shares in the last quarter. Geode Capital Management LLC increased its holdings in PepsiCo by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company's stock worth $4,301,240,000 after purchasing an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock valued at $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo during the second quarter worth approximately $2,330,594,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

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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