PepsiCo (NASDAQ:PEP) Given "Sector Perform" Rating at Royal Bank Of Canada

PepsiCo (NASDAQ:PEP - Get Free Report)'s stock had its "sector perform" rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued on Tuesday,Benzinga reports. They currently have a $148.00 price objective on the stock. Royal Bank Of Canada's price target points to a potential upside of 13.74% from the stock's current price.

A number of other analysts have also weighed in on PEP. UBS Group cut their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Up 0.8%

NASDAQ:PEP traded up $1.03 on Tuesday, hitting $130.12. 1,705,650 shares of the company's stock were exchanged, compared to its average volume of 8,106,100. The firm has a 50-day moving average price of $132.83 and a 200-day moving average price of $143.63. PepsiCo has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market cap of $178.41 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the firm posted $1.61 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that PepsiCo will post 8.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter valued at approximately $25,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth $28,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter valued at about $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in PepsiCo during the fourth quarter worth about $31,000. Hedge funds and other 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.

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