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Equities researchers at Deutsche Bank hoisted their price target on shares of PepsiCo (NYSE:PEP) from $90.00 to $94.00 in a research report issued on Monday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 9.88% from the stock’s previous close.

PEP has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of PepsiCo from $85.00 to $88.00 in a research note on Monday. Separately, analysts at BTIG Research initiated coverage on shares of PepsiCo in a research note on Monday, April 7th. They set a “buy” rating and a $108.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Thursday, April 3rd. They now have a $87.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $91.60.

Shares of PepsiCo (NYSE:PEP) traded up 0.36% during mid-day trading on Monday, hitting $85.86. 985,160 shares of the company’s stock traded hands. PepsiCo has a 52 week low of $77.01 and a 52 week high of $87.06. The stock’s 50-day moving average is $82.54 and its 200-day moving average is $82.31. The company has a market cap of $130.4 billion and a price-to-earnings ratio of 19.33.

PepsiCo (NYSE:PEP) last released its earnings data on Thursday, April 17th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $12.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that PepsiCo will post $4.53 EPS for the current fiscal year.

PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.

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