PepsiCo (NASDAQ:PEP) Given New $140.00 Price Target at Barclays

Key Points

• Barclays has lowered PepsiCo's target price from $144.00 to $140.00, maintaining an "equal weight" rating, suggesting a potential downside of 1.61% from its current price.
• Multiple analysts have decreased their price targets for PepsiCo, with Wells Fargo setting a new target of $150.00 and Bank of America reducing theirs to $145.00, indicating a cautious outlook for the stock.
• PepsiCo recently reported quarterly earnings of $2.12 EPS, surpassing estimates, and had a revenue of $22.73 billion, reflecting a 1.0% year-over-year increase.

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price lowered by analysts at Barclays from $144.00 to $140.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential downside of 1.61% from the company's current price.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $157.87.

PepsiCo Stock Down 0.6%

NASDAQ:PEP opened at $142.29 on Thursday. PepsiCo has a 1-year low of $127.60 and a 1-year high of $177.50. The firm has a market capitalization of $194.81 billion, a P/E ratio of 25.94, a PEG ratio of 3.54 and a beta of 0.46. The company's fifty day moving average price is $144.43 and its 200-day moving average price is $139.56. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of PepsiCo by 32.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company's stock valued at $2,039,000 after purchasing an additional 3,332 shares during the period. Johnson & White Wealth Management LLC increased its stake in PepsiCo by 6.8% during the 1st quarter. Johnson & White Wealth Management LLC now owns 5,730 shares of the company's stock worth $859,000 after buying an additional 364 shares during the period. Matrix Trust Co lifted its holdings in PepsiCo by 6.4% in the 1st quarter. Matrix Trust Co now owns 7,725 shares of the company's stock worth $1,158,000 after buying an additional 464 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter worth about $218,000. Hedge funds and other 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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