UBS Group Cuts PepsiCo (NASDAQ:PEP) Price Target to $170.00

Key Points

• Analysts at UBS Group have reduced their price target for PepsiCo from $175.00 to $170.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 17.91% from its current price.
• Several other brokerages have also provided varied ratings and price targets for PepsiCo, with Morgan Stanley raising their target to $165.00 and Citigroup to $168.00, while JPMorgan decreased its target to $139.00.
• PepsiCo recently reported earnings of $2.12 per share for the quarter, exceeding analyst expectations, and generated $22.73 billion in revenue, indicating a 1.0% increase from the previous year.

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price dropped by equities researchers at UBS Group from $175.00 to $170.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 20.52% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a report on Wednesday, September 3rd. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Finally, Barclays raised their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.67.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $2.47 during midday trading on Thursday, reaching $141.06. The company's stock had a trading volume of 2,825,662 shares, compared to its average volume of 8,458,786. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The company has a market capitalization of $193.12 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.63 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. The business's fifty day simple moving average is $143.81 and its 200-day simple moving average is $140.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company posted $2.28 earnings per share. The firm'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 research analysts expect that PepsiCo will post 8.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company's stock worth $18,081,034,000 after acquiring an additional 1,761,785 shares during the last quarter. State Street Corp increased its holdings in shares of PepsiCo by 1.6% during the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company's stock worth $7,713,757,000 after acquiring an additional 920,045 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of PepsiCo by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company's stock worth $4,301,240,000 after acquiring an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock worth $3,833,406,000 after acquiring an additional 2,556,163 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $2,330,594,000. 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.