PepsiCo (NASDAQ:PEP) Given New $163.00 Price Target at Jefferies Financial Group

Key Points

• PepsiCo's price target was raised from $161.00 to $163.00 by Jefferies Financial Group, indicating a potential upside of 10.19% from its previous close.
• Other brokerages, including Barclays and Wells Fargo, have also adjusted their price targets, with a consensus price target now sitting at $158.25.
• In its recent quarterly report, PepsiCo surpassed earnings expectations with $2.29 earnings per share, highlighting a revenue increase of 2.7% year-over-year.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target boosted by research analysts at Jefferies Financial Group from $161.00 to $163.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 10.19% from the company's previous close.

Several other brokerages have also issued reports on PEP. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Friday. Wells Fargo & Company set a $154.00 target price on shares of PepsiCo and gave the company a "positive" rating in a report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $158.25.

PepsiCo Stock Up 2.2%

PEP stock opened at $147.93 on Friday. The company has a market capitalization of $202.53 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business's 50 day moving average price is $144.32 and its two-hundred day moving average price is $139.29. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

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

Institutional Investors Weigh In On PepsiCo

A number of large investors have recently added to or reduced their stakes in PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in the fourth 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 during the period. GAMMA Investing LLC grew its stake in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after purchasing an additional 6,712 shares during the period. Simon Quick Advisors LLC increased its position in shares of PepsiCo by 41.8% during the 1st quarter. Simon Quick Advisors LLC now owns 8,512 shares of the company's stock valued at $1,276,000 after purchasing an additional 2,508 shares during the last quarter. Ballew Advisors Inc bought a new position in shares of PepsiCo in the 1st quarter worth approximately $857,000. Finally, Rockland Trust Co. lifted its stake in shares of PepsiCo by 9.2% in the 1st quarter. Rockland Trust Co. now owns 310,790 shares of the company's stock worth $46,600,000 after purchasing an additional 26,173 shares during the period. Institutional investors 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.

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.