PepsiCo (NASDAQ:PEP) Price Target Cut to $170.00 by Analysts at UBS Group

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 price objective cut by analysts at UBS Group from $175.00 to $170.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 17.91% from the stock's current price.

A number of other brokerages have also issued reports on PEP. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, 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 research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.67.

PepsiCo Price Performance

Shares of PEP traded up $1.52 during trading hours on Thursday, reaching $144.18. 1,633,702 shares of the company traded hands, compared to its average volume of 8,480,402. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $197.39 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The stock has a fifty day simple moving average of $143.47 and a 200 day simple moving average of $140.75.

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

Institutional Investors Weigh In On PepsiCo

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $991,000. ProShare Advisors LLC grew its position in shares of PepsiCo by 13.0% in the 4th quarter. ProShare Advisors LLC now owns 2,850,140 shares of the company's stock worth $433,392,000 after acquiring an additional 328,696 shares in the last quarter. Finally, Port Capital LLC grew its position in shares of PepsiCo by 5.6% in the 4th quarter. Port Capital LLC now owns 1,518 shares of the company's stock worth $231,000 after acquiring an additional 80 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.