UBS Group Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP - Get Free Report) had its price target decreased by equities research analysts at UBS Group from $175.00 to $169.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target indicates a potential upside of 26.98% from the company's previous close.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday. Finally, Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $162.94.

PepsiCo Trading Down 1.6 %

Shares of PepsiCo stock traded down $2.22 during midday trading on Friday, reaching $133.10. The company had a trading volume of 4,349,775 shares, compared to its average volume of 6,123,531. PepsiCo has a fifty-two week low of $131.83 and a fifty-two week high of $183.41. The stock has a fifty day moving average price of $147.91 and a 200 day moving average price of $154.18. The firm has a market cap of $182.51 billion, a PE ratio of 19.15, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. On average, equities analysts anticipate that PepsiCo will post 8.3 earnings per share for the current year.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently bought and sold shares of PEP. Norges Bank bought a new stake in shares of PepsiCo during the 4th quarter worth $2,729,565,000. GAMMA Investing LLC raised its stake in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Finally, Franklin Resources Inc. raised its holdings in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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