PepsiCo (NASDAQ:PEP) Price Target Cut to $165.00 by Analysts at Citigroup

Key Points

• Citigroup analysts have lowered PepsiCo's price target from $168.00 to $165.00, while maintaining a "buy" rating, suggesting a potential upside of 16.06% from the stock's previous close.
• PepsiCo's stock currently has a consensus rating of "Hold," with a wide range of price targets from $132.00 to $168.00 set by various analysts.
• The company recently reported $2.12 earnings per share, exceeding estimates, with a revenue of $22.73 billion for the quarter, reflecting a year-over-year increase of 1.0%.

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price decreased by stock analysts at Citigroup from $168.00 to $165.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 16.06% from the stock's previous close.

A number of other brokerages have also weighed in on PEP. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Performance

PepsiCo stock opened at $142.17 on Thursday. PepsiCo has a 1-year low of $127.60 and a 1-year high of $177.50. The company's 50-day moving average is $144.79 and its 200 day moving average is $139.90. The firm has a market capitalization of $194.64 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $22.28 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo will post 8.3 EPS for the current year.

Institutional Trading of PepsiCo

Several institutional investors have recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in shares of PepsiCo in the second quarter valued at approximately $27,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the second quarter worth $29,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company's stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

About PepsiCo

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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