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.
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).
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