PepsiCo (NASDAQ:PEP) PT Raised to $185.00 at Barclays

PepsiCo (NASDAQ:PEP) had its price target upped by analysts at Barclays from $184.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 4.89% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Down 0.6 %

NASDAQ PEP traded down $1.03 during trading on Thursday, reaching $176.38. 5,539,265 shares of the company’s stock were exchanged, compared to its average volume of 5,846,902. PepsiCo has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock has a market cap of $242.44 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. The company has a 50 day moving average price of $169.04 and a two-hundred day moving average price of $167.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the business earned $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo will post 8.15 EPS for the current fiscal year.

Institutional Trading of PepsiCo

Several large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of PepsiCo by 59.4% during the fourth 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 boosted its stake in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $405,000. Manchester Capital Management LLC boosted its stake in shares of PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.