PepsiCo (PEP) Research Coverage Started at SunTrust Banks

Research analysts at SunTrust Banks assumed coverage on shares of PepsiCo (NASDAQ:PEP) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “hold” rating and a $125.00 price target on the stock. SunTrust Banks’ price objective indicates a potential upside of 4.45% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a report on Friday, December 22nd. Royal Bank of Canada restated a “hold” rating on shares of PepsiCo in a report on Sunday, November 12th. Deutsche Bank initiated coverage on shares of PepsiCo in a report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target for the company. Finally, Jefferies Group restated a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.30.

Shares of PepsiCo (PEP) traded down $2.09 on Monday, reaching $119.67. 3,851,903 shares of the company were exchanged, compared to its average volume of 4,184,421. PepsiCo has a one year low of $102.98 and a one year high of $122.51. The company has a market cap of $173,160.13, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.14 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.

Several institutional investors have recently modified their holdings of the company. Tompkins Financial Corp grew its position in shares of PepsiCo by 1.2% in the 4th quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after buying an additional 421 shares during the last quarter. Courier Capital LLC grew its position in shares of PepsiCo by 0.6% in the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after buying an additional 430 shares during the last quarter. Bremer Trust National Association grew its position in shares of PepsiCo by 6.9% in the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after buying an additional 435 shares during the last quarter. Perkins Coie Trust Co grew its position in shares of PepsiCo by 1.5% in the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after buying an additional 435 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its position in shares of PepsiCo by 1.9% in the 4th quarter. Horrell Capital Management Inc. now owns 30,075 shares of the company’s stock worth $3,607,000 after buying an additional 571 shares during the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “PepsiCo (PEP) Research Coverage Started at SunTrust Banks” was originally posted by American Market News and is the property of of American Market News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/29/pepsico-pep-research-coverage-started-at-suntrust-banks.html.

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).