PepsiCo (NASDAQ:PEP) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated PepsiCo's stock rating at "hold (c)" amidst mixed analyst evaluations from other firms.
• PepsiCo's stock is currently priced at $150.86, reflecting a market capitalization of approximately $206 billion and a 52-week trading range of $127.60 to $177.50.
• The company recently reported a quarterly EPS of $2.29, exceeding estimates, and noted a revenue increase of 2.7% year-on-year.

PepsiCo (NASDAQ:PEP - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on PEP. Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Piper Sandler boosted their target price on PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $156.00.

PepsiCo Trading Up 1.3%

Shares of PEP stock traded up $1.97 during trading on Tuesday, hitting $150.86. 4,418,177 shares of the stock traded hands, compared to its average volume of 8,414,591. The firm has a market capitalization of $206.28 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm's fifty day moving average price is $144.72 and its 200-day moving average price is $139.18. PepsiCo has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts forecast that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently modified their holdings of the company. Claris Advisors LLC MO grew its stake in shares of PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. grew its stake in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its stake in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after acquiring an additional 36,239 shares in the last quarter. 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.

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