PepsiCo (NASDAQ:PEP) Cut to Hold at StockNews.com

PepsiCo (NASDAQ:PEPGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

PEP has been the subject of a number of other research reports. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price objective on the stock in a research report on Thursday, October 19th. Finally, Jefferies Financial Group started coverage on shares of PepsiCo in a research report on Monday, November 13th. They issued a “buy” rating and a $203.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $187.46.

Get Our Latest Stock Report on PepsiCo

PepsiCo Stock Up 1.8 %

Shares of PepsiCo stock traded up $2.94 during trading on Monday, reaching $170.61. 7,865,645 shares of the company traded hands, compared to its average volume of 5,728,751. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a 50 day moving average price of $168.55 and a 200-day moving average price of $170.91. The firm has a market capitalization of $234.57 billion, a PE ratio of 25.97, a P/E/G ratio of 2.50 and a beta of 0.54.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 earnings per share. As a group, equities research analysts expect that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Robinson Smith Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $795,000. Alberta Investment Management Corp boosted its stake in shares of PepsiCo by 21.3% in the fourth quarter. Alberta Investment Management Corp now owns 48,525 shares of the company’s stock valued at $8,241,000 after buying an additional 8,525 shares in the last quarter. Shepherd Financial Partners LLC boosted its position in PepsiCo by 1.5% during the fourth quarter. Shepherd Financial Partners LLC now owns 7,315 shares of the company’s stock worth $1,242,000 after purchasing an additional 108 shares in the last quarter. Warwick Investment Management Inc. boosted its position in PepsiCo by 17.1% during the fourth quarter. Warwick Investment Management Inc. now owns 2,402 shares of the company’s stock worth $408,000 after purchasing an additional 351 shares in the last quarter. Finally, Adero Partners LLC boosted its position in PepsiCo by 44.3% during the fourth quarter. Adero Partners LLC now owns 2,919 shares of the company’s stock worth $496,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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