PepsiCo (NASDAQ:PEP) Price Target Cut to $153.00 by Analysts at Barclays

PepsiCo (NASDAQ:PEP) had its target price dropped by research analysts at Barclays from $158.00 to $153.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 5.04% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Up 1.5 %

Shares of NASDAQ PEP opened at $145.66 on Thursday. The firm has a market capitalization of $199.84 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a 50 day moving average price of $152.49 and a 200 day moving average price of $164.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. Sell-side analysts expect that PepsiCo will post 8.15 earnings per share for the current year.

Hedge Funds Weigh In On PepsiCo

A number of large investors have recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter worth approximately $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.