Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP) had its price objective decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $178.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 19.77% from the company’s previous close.

Several other brokerages also recently commented on PEP. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America cut 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. Finally, Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.20.

PepsiCo Trading Up 0.4 %

Shares of NASDAQ:PEP opened at $148.62 on Wednesday. PepsiCo has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market cap of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. The stock has a 50 day moving average of $154.40 and a 200 day moving average of $165.52. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

Institutional Trading of PepsiCo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Wealth Strategies & Associates grew its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC purchased a new stake in PepsiCo in the second quarter worth $34,000. Finally, Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

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.