JPMorgan Chase & Co. Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its price target for PepsiCo stock from $157 to $151, maintaining a "neutral" rating, which suggests a potential upside of 6.35% from the current price.
• Other analysts also have varying ratings, with Barclays issuing a "cautious" rating, while Morgan Stanley increased its target to $165 and gave an "equal weight" rating.
• PepsiCo shares are currently down 0.2%, and the stock's 52-week high and low are $177.50 and $127.60, respectively.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target cut by research analysts at JPMorgan Chase & Co. from $157.00 to $151.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 6.35% from the company's current price.

A number of other research firms also recently commented on PEP. Barclays restated a "cautious" rating on shares of PepsiCo in a research report on Friday. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Weiss Ratings reiterated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $158.67.

PepsiCo Stock Down 0.2%

Shares of NASDAQ:PEP opened at $141.98 on Monday. PepsiCo has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market cap of $194.38 billion, a P/E ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The business has a fifty day moving average of $144.36 and a two-hundred day moving average of $139.34. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

Hedge Funds Weigh In On PepsiCo

Several large investors have recently bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of PepsiCo during the second quarter worth about $27,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the second quarter valued at $29,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company's stock worth $31,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds 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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