Pepsico, Inc. (NYSE:PEP)‘s stock had its “hold” rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They presently have a $115.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 0.03% from the stock’s current price.

A number of other research firms also recently weighed in on PEP. BMO Capital Markets reiterated a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Credit Suisse Group lifted their price target on Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $123.32.

Shares of Pepsico (PEP) traded down 1.67% on Wednesday, hitting $115.04. 4,818,344 shares of the stock traded hands. The stock has a 50-day moving average price of $116.69 and a 200 day moving average price of $114.37. Pepsico has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a market cap of $163.99 billion, a price-to-earnings ratio of 24.32 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Zacks’ 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 company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same quarter last year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Pepsico will post $5.15 earnings per share for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in PEP. Leith Wheeler Investment Counsel Ltd. bought a new position in Pepsico in the 1st quarter worth about $157,000. National Pension Service boosted its holdings in shares of Pepsico by 2.0% in the 1st quarter. National Pension Service now owns 945,000 shares of the company’s stock worth $106,010,000 after purchasing an additional 18,835 shares in the last quarter. Univest Corp of Pennsylvania boosted its holdings in shares of Pepsico by 0.7% in the 1st quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock worth $263,000 after purchasing an additional 17 shares in the last quarter. Wright Investors Service Inc. boosted its holdings in shares of Pepsico by 69.2% in the 2nd quarter. Wright Investors Service Inc. now owns 22,280 shares of the company’s stock worth $2,573,000 after purchasing an additional 9,110 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of Pepsico by 6.6% in the 1st quarter. Confluence Investment Management LLC now owns 1,044,002 shares of the company’s stock worth $116,782,000 after purchasing an additional 64,837 shares in the last quarter. Institutional investors own 70.16% of the company’s stock.

Pepsico Company Profile

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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