PepsiCo (PEP) Given New $124.00 Price Target at JPMorgan Chase & Co.

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.

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

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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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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