Pepsico (NASDAQ:PEP) had its price target boosted by equities research analysts at Wells Fargo & Co from $110.00 to $115.00 in a research note issued to investors on Thursday. The firm presently has a “market perform” rating on the stock. Wells Fargo & Co’s price objective would suggest a potential downside of 2.34% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Cowen reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, October 3rd. Susquehanna Bancshares reissued a “buy” rating and set a $135.00 target price on shares of Pepsico in a research note on Monday, October 2nd. Deutsche Bank reissued a “buy” rating and set a $122.00 target price (down from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 target price (down from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $122.47.
Shares of Pepsico (NASDAQ PEP) opened at $117.75 on Thursday. Pepsico has a one year low of $101.06 and a one year high of $120.57. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $167,930.00, a price-to-earnings ratio of 24.33, a PEG ratio of 3.10 and a beta of 0.68.
In other news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.
An institutional investor recently raised its position in Pepsico stock. Prudential Financial Inc. increased its position in Pepsico, Inc. (NASDAQ:PEP) by 26.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,354,014 shares of the company’s stock after purchasing an additional 899,911 shares during the period. Pepsico accounts for about 0.7% of Prudential Financial Inc.’s holdings, making the stock its 19th biggest holding. Prudential Financial Inc. owned 0.31% of Pepsico worth $485,168,000 at the end of the most recent reporting period. Institutional investors own 70.20% of the company’s stock.
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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).