PepsiCo (NASDAQ:PEP) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Piper Sandler has raised its price target for PepsiCo shares from $160.00 to $162.00, maintaining an "overweight" rating and indicating a potential upside of 9.51% from the stock's previous close.
• PepsiCo reported stronger-than-expected earnings of $2.29 per share for the recent quarter, exceeding analysts' estimates of $2.26, with revenues up 2.7% year-over-year.
• Currently, five analysts rate PepsiCo as a "Buy," while fourteen have given it a "Hold" rating, resulting in an average target price of $158.25.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target lifted by research analysts at Piper Sandler from $160.00 to $162.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 9.51% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday. Barclays raised their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a report on Friday. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.25.

PepsiCo Stock Up 2.2%

PepsiCo stock opened at $147.93 on Friday. The firm has a fifty day moving average price of $144.32 and a two-hundred day moving average price of $139.29. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm has a market cap of $202.53 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.50 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the business earned $2.31 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts forecast that PepsiCo will post 8.3 earnings per share for the current year.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently modified their holdings of PEP. JSF Financial LLC raised its stake in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company's stock worth $250,000 after buying an additional 69 shares during the period. Binnacle Investments Inc lifted its position in shares of PepsiCo by 33.2% during the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company's stock worth $38,000 after buying an additional 71 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Weaver Consulting Group grew its stake in PepsiCo by 2.9% in the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company's stock valued at $341,000 after purchasing an additional 72 shares during the period. Finally, Joel Isaacson & Co. LLC increased its position in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock valued at $2,180,000 after purchasing an additional 74 shares during 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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