PepsiCo (NASDAQ:PEP) Price Target Cut to $135.00 by Analysts at Barclays

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price decreased by equities researchers at Barclays from $143.00 to $135.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential downside of 0.43% from the stock's previous close.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Up 0.9 %

NASDAQ PEP traded up $1.27 during trading hours on Monday, reaching $135.58. The company had a trading volume of 7,908,387 shares, compared to its average volume of 6,191,004. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $185.92 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The stock has a 50-day moving average of $147.16 and a 200 day moving average of $153.24. PepsiCo has a 1-year low of $131.52 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. As a group, research analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Several hedge funds have recently made changes to their positions in PEP. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

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.