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.
View Our Latest Stock Analysis on PEP
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
(
Get Free Report)
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.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PepsiCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.
While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.