PepsiCo (PEP) Price Target Raised to $140.00 at Susquehanna Bancshares

PepsiCo (NASDAQ:PEP) had its target price hoisted by equities research analysts at Susquehanna Bancshares from $137.00 to $140.00 in a research note issued on Monday. The firm presently has a “positive” rating on the stock. Susquehanna Bancshares’ price target indicates a potential upside of 25.08% from the stock’s current price.

Several other brokerages have also commented on PEP. SunTrust Banks began coverage on PepsiCo in a report on Monday, January 29th. They set a “hold” rating and a $125.00 price objective for the company. Credit Suisse Group reiterated a “neutral” rating and set a $124.00 price objective (up previously from $122.00) on shares of PepsiCo in a report on Thursday, February 1st. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. Cowen reissued a “buy” rating and issued a $133.00 target price on shares of PepsiCo in a research report on Tuesday, January 9th. Finally, Deutsche Bank assumed coverage on PepsiCo in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.77.

Shares of PepsiCo (NASDAQ PEP) traded up $0.75 on Monday, hitting $111.93. The stock had a trading volume of 4,748,655 shares, compared to its average volume of 4,385,643. PepsiCo has a 12-month low of $104.77 and a 12-month high of $122.51. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $158,113.86, a price-to-earnings ratio of 23.13, a PEG ratio of 2.87 and a beta of 0.62.

Several large investors have recently bought and sold shares of the company. Rational Advisors LLC purchased a new position in PepsiCo in the 4th quarter valued at about $168,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in PepsiCo by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after buying an additional 1,050 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in PepsiCo in the 4th quarter valued at about $197,000. First National Bank of Mount Dora Trust Investment Services purchased a new position in PepsiCo in the 4th quarter valued at about $201,000. Finally, Round Table Services LLC purchased a new position in PepsiCo in the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 70.03% of the company’s stock.

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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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