PepsiCo (NASDAQ:PEP) Price Target Cut to $150.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has reduced its price target for PepsiCo from $154.00 to $150.00 while maintaining an "equal weight" rating, suggesting a potential upside of 5.51% from current prices.
• The consensus rating for PepsiCo among analysts is currently a "Hold" with an average target price of $158.13, reflecting mixed sentiments in the market.
• PepsiCo's recent quarterly earnings beat estimates, reporting $2.12 earnings per share on revenues of $22.73 billion, an increase of 1% year-over-year.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $154.00 to $150.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 5.51% from the company's current price.

Several other equities analysts have also issued reports on the stock. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays boosted their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $158.13.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $142.17 on Thursday. PepsiCo has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a market cap of $194.64 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a 50-day moving average price of $144.79 and a 200-day moving average price of $139.90.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company earned $2.28 EPS. The business's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

Institutional Trading of PepsiCo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in PepsiCo in the 2nd quarter worth $2,330,594,000. Nuveen LLC purchased a new position in shares of PepsiCo in the first quarter valued at about $946,978,000. GAMMA Investing LLC boosted its stake in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of PepsiCo by 14,420.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company's stock worth $513,726,000 after purchasing an additional 3,863,893 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in PepsiCo during the 2nd quarter valued at approximately $460,110,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

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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