PepsiCo (NASDAQ:PEP) Price Target Raised to $168.00

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target lifted by Barclays from $153.00 to $168.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 8.78% from the stock's current price.

Other equities analysts have also issued reports about the company. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $172.35.

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PepsiCo Trading Down 0.1 %

Shares of PEP stock traded down $0.17 during mid-day trading on Thursday, reaching $154.44. 8,991,798 shares of the stock traded hands, compared to its average volume of 7,284,346. The stock's fifty day simple moving average is $148.80 and its two-hundred day simple moving average is $160.76. PepsiCo has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a market cap of $211.81 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. On average, research analysts anticipate that PepsiCo will post 8.3 EPS for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently bought and sold shares of the stock. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter worth $30,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Company Profile

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.