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.

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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 (NASDAQ:PEP)

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