PepsiCo (NASDAQ:PEP) Rating Increased to Hold at Hsbc Global Res

PepsiCo (NASDAQ:PEP) was upgraded by research analysts at Hsbc Global Res to a “hold” rating in a report released on Thursday, Zacks.com reports.

A number of other analysts have also commented on the company. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America decreased their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Barclays dropped their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

PEP opened at $174.81 on Thursday. PepsiCo has a 1 year low of $157.43 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. The company has a market capitalization of $239.84 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.11 and a beta of 0.53. The firm’s fifty day moving average price is $173.52 and its two-hundred day moving average price is $172.08.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. As a group, analysts anticipate that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently modified their holdings of PEP. Iams Wealth Management LLC raised its position in shares of PepsiCo by 4.1% in the third quarter. Iams Wealth Management LLC now owns 6,698 shares of the company’s stock worth $1,139,000 after buying an additional 265 shares in the last quarter. Wesbanco Bank Inc. increased its stake in PepsiCo by 1.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock worth $25,964,000 after acquiring an additional 1,877 shares during the last quarter. CX Institutional boosted its position in shares of PepsiCo by 204.1% during the 3rd quarter. CX Institutional now owns 41,184 shares of the company’s stock valued at $7,003,000 after acquiring an additional 27,643 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of PepsiCo by 4.9% during the third quarter. Sivia Capital Partners LLC now owns 3,638 shares of the company’s stock worth $619,000 after purchasing an additional 171 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of PepsiCo by 1.8% in the third quarter. Grove Bank & Trust now owns 7,370 shares of the company’s stock worth $1,253,000 after purchasing an additional 130 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.