PepsiCo (NASDAQ:PEP) PT Raised to $181.00

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $178.00 to $181.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 2.02% from the stock's previous close.

Several other brokerages also recently weighed in on PEP. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Morgan Stanley upgraded shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Argus downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a "neutral" rating to a "buy" rating and raised their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $187.33.

PepsiCo Stock Up 3.6 %

PEP stock traded up $6.19 during trading on Wednesday, hitting $177.41. 10,011,958 shares of the company's stock traded hands, compared to its average volume of 5,852,656. The firm has a market capitalization of $243.85 billion, a P/E ratio of 26.50, a PEG ratio of 2.77 and a beta of 0.53. The business has a fifty day simple moving average of $168.84 and a two-hundred day simple moving average of $167.63. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Sell-side analysts anticipate that PepsiCo will post 8.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Place Capital Corp increased its stake in shares of PepsiCo by 7.1% during the third quarter. Park Place Capital Corp now owns 4,975 shares of the company's stock worth $843,000 after purchasing an additional 330 shares in the last quarter. BTC Capital Management Inc. increased its stake in shares of PepsiCo by 0.3% during the third quarter. BTC Capital Management Inc. now owns 66,708 shares of the company's stock worth $11,303,000 after purchasing an additional 175 shares in the last quarter. Founders Financial Securities LLC increased its stake in shares of PepsiCo by 15.1% during the third quarter. Founders Financial Securities LLC now owns 2,100 shares of the company's stock worth $356,000 after purchasing an additional 276 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of PepsiCo by 1.8% during the third quarter. SJS Investment Consulting Inc. now owns 11,885 shares of the company's stock worth $2,014,000 after purchasing an additional 209 shares in the last quarter. Finally, Cedar Brook Financial Partners LLC increased its stake in shares of PepsiCo by 5.8% during the third quarter. Cedar Brook Financial Partners LLC now owns 3,663 shares of the company's stock worth $621,000 after purchasing an additional 202 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.