PepsiCo (NASDAQ:PEP - Get Free Report) was upgraded by DZ Bank from a "hold" rating to a "buy" rating in a research report issued on Tuesday,Finviz reports. The firm presently has a $167.00 target price on the stock. DZ Bank's price target points to a potential upside of 8.70% from the stock's current price.
Other equities research analysts have also recently issued research reports about the company. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a report on Friday, October 10th. Piper Sandler lifted their price objective on PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $156.58.
Get Our Latest Stock Analysis on PEP
PepsiCo Trading Down 0.0%
NASDAQ PEP opened at $153.64 on Tuesday. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a 50 day simple moving average of $145.69 and a two-hundred day simple moving average of $139.29. The stock has a market cap of $210.08 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter last year, the business posted $2.31 EPS. The business's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts forecast that PepsiCo will post 8.3 earnings per share for the current year.
Institutional Trading of PepsiCo
Several large investors have recently modified their holdings of PEP. Norges Bank bought a new stake in shares of PepsiCo in the second quarter worth $2,330,594,000. Nuveen LLC bought a new stake in PepsiCo during the first quarter valued at about $946,978,000. Laurel Wealth Advisors LLC grew its holdings in PepsiCo by 14,420.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company's stock valued at $513,726,000 after purchasing an additional 3,863,893 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in PepsiCo during the 2nd quarter valued at approximately $460,110,000. Finally, Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock valued at $3,833,406,000 after purchasing an additional 2,556,163 shares during the period. Institutional investors own 73.07% of the company's stock.
About PepsiCo
(
Get Free Report)
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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