PepsiCo’s (PEP) Hold Rating Reiterated at Jefferies Group

PepsiCo (NASDAQ:PEP)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a note issued to investors on Tuesday. They presently have a $113.00 price objective on the stock. Jefferies Group’s target price would suggest a potential upside of 0.77% from the company’s previous close.

Several other analysts have also commented on the stock. Royal Bank of Canada reissued a “hold” rating on shares of PepsiCo in a research report on Sunday, November 12th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Tuesday, October 31st. Wells Fargo & Co increased their price target on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Cowen reissued a “buy” rating and set a $133.00 price target on shares of PepsiCo in a research report on Tuesday, January 9th. Finally, Deutsche Bank initiated coverage on shares of PepsiCo in a research report on Wednesday, December 13th. They set a “buy” rating and a $132.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average price target of $123.77.

PepsiCo (NASDAQ:PEP) traded up $0.21 during trading hours on Tuesday, reaching $112.14. 5,272,437 shares of the company were exchanged, compared to its average volume of 4,340,000. PepsiCo has a 52 week low of $104.77 and a 52 week high of $122.51. The stock has a market capitalization of $159,480.00, a price-to-earnings ratio of 23.17, a PEG ratio of 2.87 and a beta of 0.62. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 10.97% and a return on equity of 59.68%. The company had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts predict that PepsiCo will post 5.22 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of PEP. Prudential Financial Inc. grew its stake in shares of PepsiCo by 26.1% during the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares during the period. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $201,000. Confluence Investment Management LLC grew its stake in shares of PepsiCo by 2.0% during the 4th quarter. Confluence Investment Management LLC now owns 1,154,250 shares of the company’s stock worth $138,418,000 after purchasing an additional 22,364 shares during the period. Gillespie Robinson & Grimm Inc. grew its stake in shares of PepsiCo by 2.8% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 209,803 shares of the company’s stock worth $25,160,000 after purchasing an additional 5,738 shares during the period. Finally, Chesley Taft & Associates LLC grew its stake in shares of PepsiCo by 0.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 250,366 shares of the company’s stock worth $30,024,000 after purchasing an additional 686 shares during the period. 70.03% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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