PepsiCo (NASDAQ:PEP) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $127.00 to $124.00 in a research note issued on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 10.58% from the company’s previous close.
A number of other research firms have also weighed in on PEP. SunTrust Banks began coverage on shares of PepsiCo in a research note on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective for the company. Credit Suisse Group reissued a “neutral” rating and issued a $124.00 price target (up 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 price target on shares of PepsiCo in a report on Friday, December 22nd. Cowen reissued a “buy” rating and issued a $133.00 price target on shares of PepsiCo in a report on Tuesday, January 9th. Finally, Deutsche Bank began 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $123.70.
PepsiCo (NASDAQ PEP) traded up $0.21 during trading on Wednesday, reaching $112.14. 5,274,600 shares of the company were exchanged, compared to its average volume of 4,295,102. PepsiCo has a fifty-two week low of $104.77 and a fifty-two week high of $122.51. The stock has a market cap of $156,440.00, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $140,000. Rational Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $168,000. Almanack Investment Partners LLC. lifted its holdings in shares of PepsiCo by 48.5% during the 4th quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock worth $175,000 after acquiring an additional 474 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of PepsiCo by 233.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Focused Wealth Management Inc lifted its holdings in shares of PepsiCo by 413.3% during the 4th quarter. Focused Wealth Management Inc now owns 1,617 shares of the company’s stock worth $194,000 after acquiring an additional 1,302 shares during the last quarter. 70.03% of the stock is owned by institutional investors.
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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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