Pepsico, Inc. (NYSE:PEP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other research analysts have also issued research reports about the stock. Jefferies Group LLC restated a “buy” rating and issued a $130.00 price target (up previously from $127.00) on shares of Pepsico in a report on Thursday, July 6th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a report on Wednesday, April 26th. Credit Suisse Group restated a “buy” rating on shares of Pepsico in a report on Thursday, April 27th. BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, April 27th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $134.00 price target (up previously from $132.00) on shares of Pepsico in a report on Monday, May 1st. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.40.

Pepsico (NYSE:PEP) traded down 0.67% during trading on Thursday, reaching $117.60. 3,776,515 shares of the company were exchanged. The firm has a market capitalization of $167.64 billion, a PE ratio of 24.90 and a beta of 0.67. Pepsico has a 12 month low of $98.50 and a 12 month high of $119.39. The stock has a 50 day moving average price of $116.16 and a 200 day moving average price of $113.32.

Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Pepsico will post $5.16 EPS for the current fiscal year.

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In related news, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Indra K. Nooyi sold 340,449 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the sale, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 898,164 shares of company stock valued at $104,585,929. Corporate insiders own 0.26% of the company’s stock.

A number of large investors have recently bought and sold shares of PEP. Norges Bank bought a new stake in Pepsico during the fourth quarter valued at $1,492,411,000. Vanguard Group Inc. increased its stake in Pepsico by 2.4% in the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after buying an additional 2,635,738 shares during the last quarter. Janus Henderson Group PLC increased its stake in Pepsico by 910.5% in the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock valued at $335,840,000 after buying an additional 2,620,149 shares during the last quarter. Sanders Capital LLC bought a new stake in Pepsico during the first quarter valued at $254,277,000. Finally, Harbour Capital Advisors LLC increased its stake in Pepsico by 11,316.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after buying an additional 2,164,557 shares during the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

About Pepsico

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Analyst Recommendations for Pepsico (NYSE:PEP)

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