PepsiCo (NASDAQ:PEP) had its target price cut by equities researchers at SunTrust Banks from $125.00 to $115.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “hold” rating on the stock. SunTrust Banks’ price target suggests a potential upside of 2.55% from the stock’s current price.
PEP has been the topic of a number of other research reports. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Susquehanna Bancshares raised their price target on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research report on Monday. Cowen restated a “buy” rating and set a $133.00 price target on shares of PepsiCo in a research report on Tuesday, January 9th. Jefferies Group restated a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research report on Thursday, January 4th. Finally, Credit Suisse Group restated a “neutral” rating and set a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.04.
Shares of PepsiCo (NASDAQ:PEP) traded up $0.21 during mid-day trading on Wednesday, hitting $112.14. The company had a trading volume of 5,274,600 shares, compared to its average volume of 4,297,292. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. PepsiCo has a one year low of $104.77 and a one year high of $122.51. The stock has a market capitalization of $156,440.00, a P/E ratio of 22.65, a PEG ratio of 2.89 and a beta of 0.62.
Several hedge funds have recently added to or reduced their stakes in PEP. Quantitative Investment Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $3,369,000. Nomura Asset Management Co. Ltd. grew its position in shares of PepsiCo by 12.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 866,689 shares of the company’s stock valued at $103,933,000 after acquiring an additional 98,727 shares during the period. Guardian Capital Advisors LP grew its position in shares of PepsiCo by 1.9% during the 4th quarter. Guardian Capital Advisors LP now owns 85,481 shares of the company’s stock valued at $10,272,000 after acquiring an additional 1,594 shares during the period. Aristotle Atlantic Partners LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $318,000. Finally, WealthShield LLC bought a new position in PepsiCo in the 4th quarter worth $763,000. Hedge funds and other institutional investors own 70.03% of the company’s stock.
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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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