PepsiCo’s (PEP) “Outperform” Rating Reiterated at Wedbush

PepsiCo (NASDAQ:PEP)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wedbush in a research note issued on Tuesday, Benzinga reports. They presently have a $195.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 10.51% from the stock’s current price.

A number of other brokerages have also recently commented on PEP. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Barclays upped their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Trading Up 1.3 %

Shares of PepsiCo stock opened at $176.46 on Tuesday. PepsiCo has a 1 year low of $155.83 and a 1 year high of $196.88. The firm has a market cap of $242.55 billion, a PE ratio of 26.86, a P/E/G ratio of 2.73 and a beta of 0.53. The stock has a fifty day moving average price of $168.80 and a 200-day moving average price of $167.55. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo will post 8.15 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently modified their holdings of PEP. Cerity Partners LLC increased its holdings in PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC increased its holdings in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new position in PepsiCo during the 4th quarter worth $405,000. Manchester Capital Management LLC increased its holdings in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after purchasing an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares during the period. 73.07% of the stock is owned by institutional investors.

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.