PepsiCo (NASDAQ:PEP) Price Target Cut to $170.00 by Analysts at JPMorgan Chase & Co.

PepsiCo (NASDAQ:PEP) had its target price reduced by JPMorgan Chase & Co. from $178.00 to $170.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 25.55% from the company’s previous close.

PEP has been the topic of several other reports. Sanford C. Bernstein set a $142.00 price target on PepsiCo in a research note on Wednesday. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. HSBC boosted their price target on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Rothschild & Co Redburn increased their price target on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Evercore lifted their target price on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.40.

PepsiCo Trading Down 2.4%

NASDAQ:PEP opened at $135.40 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company’s 50 day moving average is $147.56 and its 200-day moving average is $151.91. PepsiCo has a 12 month low of $132.47 and a 12 month high of $171.48. The firm has a market cap of $185.06 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.80 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share 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 the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s quarterly 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. Equities analysts anticipate that PepsiCo will post 8.62 EPS for the current year.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Captrust Financial Advisors lifted its stake in shares of PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after buying an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of PepsiCo by 11.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after purchasing an additional 42,335 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after purchasing an additional 30,674 shares in the last quarter. Allstate Corp increased its stake in PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after acquiring an additional 54,405 shares during the last quarter. Finally, National Pension Service grew its stake in shares of PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after acquiring an additional 77,051 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Unusual call option activity suggests traders are positioning for a move higher, with volume far above normal and signaling bullish sentiment ahead of the company’s upcoming earnings report.
• Positive Sentiment: PepsiCo India opened a second flavour manufacturing facility in Ujjain, backed by a Rs 1,266-crore investment, which supports capacity expansion and longer-term growth in a key international market. PepsiCo India opens ₹1,266 cr flavour manufacturing facility in Ujjain
• Positive Sentiment: A recent bullish note from 24/7 Wall St. argued PepsiCo has more than 20% upside, reinforcing the view that the stock could be undervalued relative to its fundamentals. Pepsi Price Prediction: The Case for 20%+ Upside
• Positive Sentiment: PepsiCo’s driverless-truck and AI delivery push highlights continued logistics innovation, which could improve efficiency and distribution speed over time. PepsiCo and its fleet of driverless trucks
• Neutral Sentiment: PepsiCo remains in the spotlight ahead of its July 9 earnings release, with analysts expecting quarterly results that will help determine whether recent operational investments and demand trends are strong enough to support the current valuation. PepsiCo Likely To Report Higher Q2 Earnings
• Negative Sentiment: Erste Group Bank slightly lowered its FY2027 EPS estimate for PepsiCo to $9.11 from $9.14, adding a small but negative revision to the earnings outlook. Read More.
• Negative Sentiment: A trademark dispute over “Mtn Dew Rise” is headed to the U.S. Supreme Court, creating an overhang of legal uncertainty for the PepsiCo brand portfolio. US Supreme Court takes up Pepsi ‘Mtn Dew Rise’ trademark dispute

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.