PepsiCo (NASDAQ:PEP)‘s stock had its “neutral” rating reiterated by research analysts at Royal Bank of Canada in a note issued to investors on Thursday, Borsen Zeitung reports. They currently have a $115.00 price target on the stock. Royal Bank of Canada’s price target suggests a potential downside of 9.51% from the company’s current price.

Several other brokerages have also recently weighed in on PEP. Gabelli restated a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. BidaskClub cut shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday. Bank of America restated a “buy” rating and issued a $135.00 price target (up previously from $130.00) on shares of PepsiCo in a research report on Thursday. Finally, ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $123.00.

PepsiCo stock opened at $127.09 on Thursday. The company has a market cap of $178.47 billion, a PE ratio of 22.45, a P/E/G ratio of 3.10 and a beta of 0.65. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 1.94. PepsiCo has a 1 year low of $95.94 and a 1 year high of $128.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $12.88 billion for the quarter, compared to analysts’ expectations of $12.68 billion. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. As a group, analysts anticipate that PepsiCo will post 5.5 earnings per share for the current fiscal year.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of PepsiCo stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Highwater Wealth Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. Bogart Wealth LLC boosted its stake in shares of PepsiCo by 64.5% during the first quarter. Bogart Wealth LLC now owns 255 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Horan Securities Inc. raised its holdings in shares of PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $41,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $39,000. 72.30% of the stock is owned by hedge funds and other institutional investors.

About PepsiCo

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.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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