PepsiCo (NASDAQ:PEP) Price Target Raised to $184.00

PepsiCo (NASDAQ:PEP) had its target price boosted by equities researchers at Barclays from $183.00 to $184.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 9.46% from the stock’s current price.

Several other analysts have also recently weighed in on PEP. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Performance

PepsiCo stock opened at $168.10 on Friday. PepsiCo has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average price is $168.78 and its two-hundred day moving average price is $167.41. The stock has a market cap of $231.06 billion, a PE ratio of 25.59, a P/E/G ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. As a group, analysts expect that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently added to or reduced their stakes in the business. Proquility Private Wealth Partners LLC lifted its stake in PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after buying an additional 57 shares during the period. Amplius Wealth Advisors LLC raised its position in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the period. Darwin Wealth Management LLC raised its position in shares of PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the period. Sugarloaf Wealth Management LLC raised its position in shares of PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the period. Finally, SYM FINANCIAL Corp raised its position in shares of PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.