PepsiCo (NASDAQ:PEP) Price Target Lowered to $135.00 at Barclays

PepsiCo (NASDAQ:PEP - Get Free Report) had its price objective dropped by investment analysts at Barclays from $143.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 0.81% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Up 0.4 %

PEP stock traded up $0.53 during midday trading on Monday, reaching $133.91. 1,523,526 shares of the company's stock traded hands, compared to its average volume of 6,135,438. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm's fifty day moving average price is $147.70 and its 200-day moving average price is $153.66. PepsiCo has a 52 week low of $131.80 and a 52 week high of $183.41. The company has a market cap of $183.63 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. As a group, sell-side analysts forecast that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Hedge funds and other institutional investors have recently modified their holdings of the company. Tcfg Wealth Management LLC grew its holdings in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the period. Lincoln Capital LLC boosted its position in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares during the last quarter. Marshall Financial Group LLC raised its position in shares of PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC lifted its position in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. increased its stake in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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