Rothschild & Co Redburn Raises PepsiCo (NASDAQ:PEP) Price Target to $120.00

PepsiCo (NASDAQ:PEP) had its price objective increased by research analysts at Rothschild & Co Redburn from $117.00 to $120.00 in a report issued on Monday,MarketScreener reports. The firm presently has a “sell” rating on the stock. Rothschild & Co Redburn’s price objective points to a potential downside of 20.20% from the stock’s current price.

A number of other research firms also recently issued reports on PEP. Royal Bank Of Canada cut their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. raised PepsiCo from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Jefferies Financial Group increased their price target on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Finally, Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $158.50.

PepsiCo Price Performance

Shares of PEP opened at $150.37 on Monday. The business’s fifty day moving average is $147.72 and its 200 day moving average is $142.64. PepsiCo has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $205.61 billion, a P/E ratio of 28.59, a P/E/G ratio of 5.22 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. Sell-side analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of PepsiCo during the 2nd quarter valued at $2,330,594,000. Laurel Wealth Advisors LLC lifted its holdings in PepsiCo by 14,420.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock valued at $513,726,000 after purchasing an additional 3,863,893 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in PepsiCo during the second quarter worth about $460,110,000. AQR Capital Management LLC boosted its holdings in PepsiCo by 120.7% in the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after buying an additional 3,235,726 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after buying an additional 2,556,163 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.