PepsiCo (NASDAQ:PEP) had its target price decreased by stock analysts at SunTrust Banks from $125.00 to $115.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price target would indicate a potential upside of 4.92% from the stock’s current price.

Several other research analysts have also weighed in on PEP. JPMorgan Chase & Co. cut their target price on PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. Susquehanna Bancshares raised their price objective on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research report on Monday. Jefferies Group reissued a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $123.04.

Shares of PepsiCo (NASDAQ:PEP) traded down $2.53 on Wednesday, hitting $109.61. The company had a trading volume of 1,909,536 shares, compared to its average volume of 4,295,102. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The stock has a market cap of $156,440.00, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.89 and a beta of 0.62. PepsiCo has a twelve month low of $104.77 and a twelve month high of $122.51.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a return on equity of 59.68% and a net margin of 10.97%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. equities research analysts forecast that PepsiCo will post 5.22 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth about $140,000. Rational Advisors LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $168,000. Almanack Investment Partners LLC. increased its position in shares of PepsiCo by 48.5% during the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock worth $175,000 after acquiring an additional 474 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of PepsiCo by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Focused Wealth Management Inc increased its position in shares of PepsiCo by 413.3% during the fourth quarter. Focused Wealth Management Inc now owns 1,617 shares of the company’s stock worth $194,000 after acquiring an additional 1,302 shares during the last quarter. 70.03% of the stock is currently owned by institutional investors.

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About PepsiCo

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).

The Fly

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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