Barclays Issues Pessimistic Forecast for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective decreased by Barclays from $143.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 0.73% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Performance

PEP traded up $0.48 on Monday, reaching $134.03. The stock had a trading volume of 4,179,062 shares, compared to its average volume of 7,640,073. The business's 50-day moving average price is $146.40 and its two-hundred day moving average price is $152.82. The company has a market cap of $183.79 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo has a 12-month low of $131.52 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Norges Bank purchased a new stake in PepsiCo during the 4th quarter worth about $2,729,565,000. Finally, Northern Trust Corp boosted its position in shares of PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after acquiring an additional 1,306,818 shares in the last quarter. 73.07% of the stock is currently 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.