PepsiCo (NASDAQ:PEP) Given New $120.00 Price Target at Rothschild & Co Redburn

PepsiCo (NASDAQ:PEP) had its price objective hoisted by research analysts at Rothschild & Co Redburn from $117.00 to $120.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “sell” rating on the stock. Rothschild & Co Redburn’s price objective indicates a potential downside of 20.59% from the company’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. The Goldman Sachs Group raised their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Bank of America raised their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.50.

PepsiCo Stock Up 0.3%

Shares of NASDAQ:PEP opened at $151.11 on Monday. The firm has a market capitalization of $206.62 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42. PepsiCo has a 1 year low of $127.60 and a 1 year high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm’s 50-day moving average is $147.30 and its two-hundred day moving average is $142.37.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. Analysts predict that PepsiCo will post 8.3 EPS for the current year.

Institutional Trading of PepsiCo

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after acquiring an additional 1,761,785 shares during the period. State Street Corp increased its position in PepsiCo by 1.8% during the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after buying an additional 1,079,970 shares during the period. Geode Capital Management LLC boosted its position in shares of PepsiCo by 0.3% in the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after acquiring an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after acquiring an additional 2,556,163 shares during the period. Finally, Norges Bank acquired a new stake in PepsiCo in the 2nd quarter worth about $2,330,594,000. 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.