PepsiCo (NASDAQ:PEP) Price Target Lowered to $178.00 at Piper Sandler

PepsiCo (NASDAQ:PEP) had its price target cut by investment analysts at Piper Sandler from $181.00 to $178.00 in a research report issued to clients and investors on Friday,MarketScreener reports. Piper Sandler’s price target would indicate a potential upside of 23.89% from the company’s previous close.

A number of other brokerages have also issued reports on PEP. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. HSBC increased their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, April 17th. The Goldman Sachs Group raised their price objective on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, BNP Paribas Exane upped their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $167.35.

PepsiCo Stock Performance

Shares of PEP stock opened at $143.68 on Friday. The company has a market capitalization of $196.37 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.62 and a beta of 0.35. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a 50-day simple moving average of $151.32 and a 200 day simple moving average of $152.42.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share. On average, sell-side analysts predict that PepsiCo will post 8.63 earnings per share for the current year.

Institutional Trading of PepsiCo

Several large investors have recently made changes to their positions in the company. Cypress Capital Management LLC WY boosted its holdings in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after acquiring an additional 64 shares in the last quarter. United Bank increased its holdings in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after acquiring an additional 65 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of PepsiCo by 2.5% during the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock worth $415,000 after purchasing an additional 66 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after purchasing an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. increased its stake in PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock valued at $301,000 after purchasing an additional 67 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding autonomous truck use in its supply chain through a multiyear partnership with Gatik, aiming to boost capacity and improve efficiency in difficult-to-staff transportation routes. PepsiCo expanding autonomous truck use in its supply chain
• Positive Sentiment: PepsiCo is partnering with Compeer Financial on a pilot strip-till equipment financing program that helps farmers adopt soil-conservation practices, reinforcing the company’s sustainability positioning and farm-supply relationships. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Positive Sentiment: PepsiCo executives highlighted women’s sports as a key growth driver, suggesting the company sees fresh marketing and sponsorship opportunities to deepen brand engagement. BIS: PepsiCo’s Carolyn Braff on women’s sports being a key growth driver
• Neutral Sentiment: Several articles expanded on PepsiCo’s driverless freight rollout, describing it as a large-scale deployment across Texas, Arizona, and Arkansas; while strategically interesting, the immediate stock impact is likely limited unless it translates into measurable cost savings. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Neutral Sentiment: Analyst commentary trimmed FY2027 EPS estimates only marginally, keeping the longer-term earnings outlook broadly intact versus consensus. PepsiCo analyst estimate update
• Negative Sentiment: PepsiCo’s shares remain below their 50-day and 200-day moving averages, and the stock has been under pressure recently, which may signal that investors still have reservations about growth and valuation. PepsiCo stock overview

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.