PepsiCo (PEP) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for PepsiCo (NASDAQ: PEP):

  • 10/4/2019 – PepsiCo had its price target raised by analysts at Credit Suisse Group AG from $117.00 to $126.00. They now have an “underperform” rating on the stock.
  • 10/4/2019 – PepsiCo had its price target raised by analysts at Morgan Stanley from $149.00 to $154.00. They now have an “overweight” rating on the stock.
  • 10/4/2019 – PepsiCo had its price target raised by analysts at Citigroup Inc from $139.00 to $143.00. They now have a “neutral” rating on the stock.
  • 10/4/2019 – PepsiCo had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $133.00 price target on the stock, up previously from $128.00.
  • 10/3/2019 – PepsiCo was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/3/2019 – PepsiCo was given a new $154.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 10/2/2019 – PepsiCo was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2019 – PepsiCo was given a new $130.00 price target on by analysts at Guggenheim. They now have a “hold” rating on the stock.
  • 9/24/2019 – PepsiCo had its price target raised by analysts at Deutsche Bank AG from $141.00 to $142.00. They now have a “hold” rating on the stock.
  • 9/11/2019 – PepsiCo had its price target raised by analysts at Morgan Stanley from $143.00 to $149.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/6/2019 – PepsiCo had its price target raised by analysts at Credit Suisse Group AG from $110.00 to $117.00. They now have an “underperform” rating on the stock.
  • 8/27/2019 – PepsiCo was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of PEP stock traded down $0.95 during trading on Tuesday, hitting $136.50. The company had a trading volume of 1,721,048 shares, compared to its average volume of 4,259,447. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm has a market capitalization of $191.93 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.56. The stock’s 50-day moving average price is $136.39 and its 200 day moving average price is $130.91. PepsiCo, Inc. has a one year low of $105.03 and a one year high of $140.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at $13,500,602.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PEP. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 0.7% during the second quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock worth $14,961,613,000 after buying an additional 838,652 shares in the last quarter. BlackRock Inc. increased its holdings in shares of PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock worth $13,422,659,000 after buying an additional 1,413,723 shares in the last quarter. Northern Trust Corp increased its holdings in shares of PepsiCo by 0.7% during the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock worth $2,729,962,000 after buying an additional 143,784 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PepsiCo by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock worth $2,607,480,000 after buying an additional 378,960 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of PepsiCo by 1.1% during the second quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock worth $1,450,090,000 after buying an additional 117,564 shares in the last quarter. Institutional investors and hedge funds own 71.67% of the company’s stock.

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Is the QQQ ETF safe?

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