Bank of America Lowers PepsiCo (NASDAQ:PEP) Price Target to $145.00

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target decreased by research analysts at Bank of America from $150.00 to $145.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's price objective points to a potential upside of 7.20% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley dropped their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $158.19.

PepsiCo Stock Down 0.6%

Shares of NASDAQ:PEP traded down $0.82 during trading on Friday, reaching $135.26. 7,958,581 shares of the stock traded hands, compared to its average volume of 7,077,247. The stock has a 50-day moving average of $131.46 and a two-hundred day moving average of $141.78. PepsiCo has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a market cap of $185.45 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 4.26 and a beta of 0.45.

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

Institutional Trading of PepsiCo

Several institutional investors have recently modified their holdings of the company. TAGStone Capital Inc. raised its stake in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. Lokken Investment Group LLC grew its holdings in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares during the period. Legacy Financial Group LLC grew its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the period. Atlantic Private Wealth LLC grew its holdings in shares of PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after buying an additional 75 shares during the period. Finally, Centurion Wealth Management LLC boosted its stake in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after purchasing an additional 75 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.