PepsiCo (NASDAQ:PEP) Price Target Lowered to $150.00 at Wells Fargo & Company

PepsiCo (NASDAQ:PEP) had its price objective decreased by Wells Fargo & Company from $155.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 4.26% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $171.76.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $0.38 during midday trading on Wednesday, reaching $143.87. 1,109,240 shares of the company were exchanged, compared to its average volume of 6,624,235. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a fifty day simple moving average of $152.49 and a 200 day simple moving average of $164.53. The stock has a market cap of $197.38 billion, a P/E ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versor Investments LP bought a new position in shares of PepsiCo during the 4th quarter worth about $684,000. Heritage Oak Wealth Advisors LLC acquired a new position in PepsiCo in the fourth quarter valued at about $1,042,000. Proficio Capital Partners LLC boosted its position in PepsiCo by 18,563.0% in the fourth quarter. Proficio Capital Partners LLC now owns 676,534 shares of the company’s stock valued at $102,874,000 after buying an additional 672,909 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of PepsiCo by 8.0% during the fourth quarter. Kovack Advisors Inc. now owns 13,743 shares of the company’s stock worth $2,090,000 after buying an additional 1,015 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of PepsiCo by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 543,069 shares of the company’s stock worth $82,579,000 after buying an additional 11,300 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

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.