Rothschild & Co Redburn Issues Positive Forecast for PepsiCo (NASDAQ:PEP) Stock Price

Key Points

• Rothschild & Co Redburn raised its price target for PepsiCo (NASDAQ: PEP) from $115.00 to $117.00, maintaining a "sell" rating suggesting a potential downside of 21.61% from current prices.
• In contrast, several other analysts have issued more optimistic reports, with HSBC and Morgan Stanley setting higher target prices and holding ratings, reflecting a divergence in analysts' outlooks for the stock.
• PepsiCo reported $2.29 EPS for the last quarter, slightly above expectations, with revenue growth of 2.7% year-over-year, demonstrating resilience in its financial performance.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target upped by analysts at Rothschild & Co Redburn from $115.00 to $117.00 in a report issued on Monday,MarketScreener reports. The firm currently has a "sell" rating on the stock. Rothschild & Co Redburn's target price indicates a potential downside of 21.61% from the company's current price.

Several other equities research analysts have also issued reports on PEP. HSBC lifted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a research note on Friday. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Jefferies Financial Group raised their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a report on Friday. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $156.00.

PepsiCo Trading Up 0.2%

Shares of PEP opened at $149.25 on Monday. PepsiCo has a 1-year low of $127.60 and a 1-year high of $177.50. The business's 50-day moving average price is $144.72 and its 200 day moving average price is $139.18. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $204.08 billion, a P/E ratio of 28.30, a P/E/G ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during 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 company's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts expect that PepsiCo will post 8.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PEP. Norges Bank acquired a new stake in PepsiCo in the second quarter worth $2,330,594,000. Nuveen LLC bought a new position in PepsiCo during the 1st quarter valued at $946,978,000. Laurel Wealth Advisors LLC boosted 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 worth $513,726,000 after purchasing an additional 3,863,893 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the second quarter valued at approximately $460,110,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock worth $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

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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