Pepsico (NASDAQ:PEP)‘s stock had its “buy” rating reiterated by stock analysts at Cowen in a research note issued on Tuesday. They currently have a $133.00 price target on the stock. Cowen’s price objective points to a potential upside of 13.79% from the company’s current price.
A number of other brokerages also recently issued reports on PEP. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, December 4th. Susquehanna Bancshares reissued a “buy” rating and set a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Credit Suisse Group reissued a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Wells Fargo & Co increased their price target on Pepsico from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Finally, Jefferies Group downgraded Pepsico from a “buy” rating to a “hold” rating and reduced their target price for the company from $133.00 to $108.00 in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Pepsico has an average rating of “Buy” and an average price target of $123.18.
Shares of Pepsico (NASDAQ PEP) traded down $0.60 during trading hours on Tuesday, reaching $116.88. The company had a trading volume of 3,684,948 shares, compared to its average volume of 3,950,149. The firm has a market capitalization of $165,690.00, a P/E ratio of 24.15, a P/E/G ratio of 3.11 and a beta of 0.68. Pepsico has a 1-year low of $101.06 and a 1-year high of $120.57. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.
Institutional investors and hedge funds have recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Pepsico in the 4th quarter valued at $201,000. White Lighthouse Investment Management Inc. bought a new position in shares of Pepsico in the 4th quarter valued at $240,000. Pure Financial Advisors Inc. bought a new position in shares of Pepsico in the 4th quarter valued at $295,000. Sawyer & Company Inc bought a new position in shares of Pepsico in the 4th quarter valued at $1,681,000. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Pepsico by 49.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 37,754 shares of the company’s stock valued at $4,527,000 after acquiring an additional 12,567 shares during the last quarter. Institutional investors own 70.20% of the company’s stock.
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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).
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