PepsiCo (NASDAQ:PEP) Given New $142.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for PepsiCo from $140.00 to $142.00, maintaining an "equal weight" rating, indicating a potential downside from the stock’s previous close.
• PepsiCo's recent earnings exceeded estimates with an EPS of $2.29, while revenues for the quarter were reported at $23.94 billion, showing a year-over-year increase of 2.7%.
• Current consensus ratings from analysts show five buy ratings and fourteen hold ratings for PepsiCo, with a consensus target price of $158.25.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective upped by Barclays from $140.00 to $142.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target points to a potential downside of 4.01% from the company's previous close.

Several other brokerages have also weighed in on PEP. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup cut their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company set a $154.00 price target on shares of PepsiCo and gave the company a "positive" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.25.

PepsiCo Stock Up 2.2%

Shares of PepsiCo stock opened at $147.93 on Friday. 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 has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a market capitalization of $202.53 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.50 and a beta of 0.46. The company has a 50 day moving average of $144.32 and a 200 day moving average of $139.29.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts forecast that PepsiCo will post 8.3 EPS for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth $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 PepsiCo during the first quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company's stock worth $31,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

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.

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