Pepsico’s (PEP) “Buy” Rating Reaffirmed at Cowen

Pepsico (NASDAQ:PEP)‘s stock had its “buy” rating restated by stock analysts at Cowen in a report released on Tuesday, January 9th. They currently have a $133.00 price target on the stock. Cowen’s price objective suggests a potential upside of 11.60% from the company’s previous close.

Several other brokerages have also commented on PEP. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research note on Friday, December 22nd. Deutsche Bank assumed coverage on shares of Pepsico in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. Zacks Investment Research lowered shares of Pepsico from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Wells Fargo & Co raised their price objective on shares of Pepsico from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Finally, Jefferies Group reiterated a “hold” rating and set a $113.00 price objective on shares of Pepsico in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.18.

Shares of Pepsico (PEP) opened at $119.18 on Tuesday. The firm has a market cap of $169,490.00, a PE ratio of 24.62, a P/E/G ratio of 3.03 and a beta of 0.68. Pepsico has a 12 month low of $101.06 and a 12 month high of $120.57. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35.

A number of hedge funds have recently added to or reduced their stakes in PEP. Prudential Financial Inc. lifted its position in Pepsico by 26.1% in the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after buying an additional 899,911 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Pepsico by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock worth $974,344,000 after buying an additional 252,631 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Pepsico by 9.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 986,296 shares of the company’s stock worth $118,277,000 after buying an additional 82,103 shares in the last quarter. Vontobel Asset Management Inc. raised its holdings in shares of Pepsico by 13.8% during the 4th quarter. Vontobel Asset Management Inc. now owns 677,378 shares of the company’s stock valued at $81,230,000 after purchasing an additional 82,034 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Pepsico by 4.0% during the 4th quarter. National Pension Service now owns 1,124,403 shares of the company’s stock valued at $134,838,000 after purchasing an additional 43,427 shares in the last quarter. Institutional investors own 70.24% of the company’s stock.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Analyst Recommendations for Pepsico (NASDAQ:PEP)

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