Cowen Reiterates “Buy” Rating for Pepsico (NASDAQ:PEP)

Pepsico (NASDAQ:PEP)‘s stock had its “buy” rating restated by equities researchers at Cowen in a research note issued on Tuesday, January 9th. They presently have a $133.00 price objective on the stock. Cowen’s target price would suggest a potential upside of 11.72% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Jefferies Group reissued a “hold” rating and issued a $113.00 price objective on shares of Pepsico in a research note on Thursday, January 4th. Wells Fargo & Co upped their price target on Pepsico from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered Pepsico from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Friday, December 22nd. Finally, Deutsche Bank began coverage on Pepsico in a research note on Wednesday, December 13th. They set a “buy” rating and a $132.00 price target on the stock. 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $123.18.

Shares of Pepsico (NASDAQ:PEP) traded down $0.13 during trading hours on Tuesday, reaching $119.05. The company’s stock had a trading volume of 5,860,000 shares, compared to its average volume of 3,690,000. Pepsico has a 52-week low of $102.17 and a 52-week high of $120.57. The company has a market capitalization of $169,310.00, a PE ratio of 24.60, a price-to-earnings-growth ratio of 3.04 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.

Large investors have recently bought and sold shares of the stock. Rockland Trust Co. grew its holdings in shares of Pepsico by 2.7% during the fourth quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock worth $17,495,000 after buying an additional 3,876 shares in the last quarter. LGT Capital Partners LTD. grew its holdings in shares of Pepsico by 2.2% during the fourth quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock worth $21,316,000 after buying an additional 3,780 shares in the last quarter. First American Trust FSB grew its holdings in shares of Pepsico by 12.3% during the fourth quarter. First American Trust FSB now owns 70,784 shares of the company’s stock worth $8,489,000 after buying an additional 7,766 shares in the last quarter. Windward Capital Management Co. CA grew its holdings in shares of Pepsico by 2.7% during the fourth quarter. Windward Capital Management Co. CA now owns 129,819 shares of the company’s stock worth $15,568,000 after buying an additional 3,471 shares in the last quarter. Finally, Patriot Wealth Management Inc. grew its holdings in shares of Pepsico by 1.5% during the fourth quarter. Patriot Wealth Management Inc. now owns 41,517 shares of the company’s stock worth $4,979,000 after buying an additional 610 shares in the last quarter. Institutional investors and hedge funds own 70.24% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2018/01/18/pepsico-pep-stock-rating-reaffirmed-by-cowen.html.

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)

Receive News & Ratings for Pepsico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply