PepsiCo (NASDAQ:PEP) Given New $145.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has lowered its price target for PepsiCo from $146.00 to $145.00, suggesting a potential upside of 2.94% from the stock's previous close.
• Wells Fargo and Morgan Stanley have increased their price targets for PepsiCo, indicating a mix of analyst sentiment with four analysts rating the stock as a Buy, while fourteen suggest Hold ratings.
• PepsiCo reported an earnings per share (EPS) of $2.12 for the last quarter, exceeding analysts' expectations, with a revenue growth of 1.0% year over year.

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective reduced by research analysts at Royal Bank Of Canada from $146.00 to $145.00 in a report released on Monday,MarketScreener reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 2.29% from the company's current price.

Several other research firms have also commented on PEP. Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Four 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.60.

PepsiCo Stock Up 0.7%

NASDAQ PEP traded up $1.03 on Monday, reaching $141.76. 12,355,480 shares of the stock traded hands, compared to its average volume of 7,696,786. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a fifty day moving average price of $144.39 and a 200-day moving average price of $140.07. The company has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts forecast that PepsiCo will post 8.3 EPS for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in PepsiCo in the second quarter valued at $27,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at $29,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds 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.