PepsiCo (NASDAQ:PEP) Receives "Sector Perform" Rating from Royal Bank of Canada

PepsiCo (NASDAQ:PEP - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $163.00 price objective on the stock. Royal Bank of Canada's target price would suggest a potential upside of 13.49% from the company's current price.

A number of other equities analysts have also recently issued reports on PEP. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday. Finally, BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $167.24.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.89 during trading hours on Tuesday, hitting $143.62. 773,359 shares of the company traded hands, compared to its average volume of 6,092,936. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $196.95 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 3.09 and a beta of 0.49. The firm has a 50-day moving average of $148.12 and a 200 day moving average of $154.56. PepsiCo has a twelve month low of $138.33 and a twelve month high of $183.41.

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

Hedge Funds Weigh In On PepsiCo

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.