JPMorgan Chase & Co. Lowers PepsiCo (NASDAQ:PEP) Price Target to $139.00

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $150.00 to $139.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 2.16% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Barclays dropped their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Bank of America cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $158.50.

PepsiCo Stock Performance

PepsiCo stock traded up $1.58 during mid-day trading on Thursday, reaching $136.06. 8,847,944 shares of the company traded hands, compared to its average volume of 7,087,523. The firm's fifty day moving average is $131.41 and its two-hundred day moving average is $141.88. The company has a market capitalization of $186.55 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 4.22 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) 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 firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the company posted $1.61 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PEP. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC grew its stake in PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after buying an additional 824 shares during the last quarter. AlphaQuest LLC grew its stake in PepsiCo by 126.6% during the fourth quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock worth $392,000 after buying an additional 1,441 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in PepsiCo by 4.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,454 shares of the company's stock worth $1,438,000 after buying an additional 431 shares during the last quarter. 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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