SunTrust Banks Cuts PepsiCo (PEP) Price Target to $115.00
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.
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.
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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