PepsiCo (NASDAQ:PEP) Stock Rating Reaffirmed by Wedbush

PepsiCo (NASDAQ:PEP)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report released on Tuesday, Benzinga reports. They presently have a $195.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 9.91% from the stock’s current price.

Other equities analysts have also issued reports about the company. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. Finally, Barclays lifted their price target on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.33.

PepsiCo Stock Performance

Shares of PEP stock opened at $177.41 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a fifty day moving average price of $169.04 and a 200 day moving average price of $167.70. The stock has a market cap of $243.85 billion, a PE ratio of 27.00, a P/E/G ratio of 2.77 and a beta of 0.53. PepsiCo has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. Sell-side analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Institutional Trading of PepsiCo

A number of institutional investors and hedge funds have recently made changes to their positions in PEP. MBE Wealth Management LLC increased its position in shares of PepsiCo by 50.6% during the third quarter. MBE Wealth Management LLC now owns 6,650 shares of the company’s stock worth $1,127,000 after buying an additional 2,235 shares during the period. Exeter Financial LLC raised its position in PepsiCo by 0.9% in the third quarter. Exeter Financial LLC now owns 22,308 shares of the company’s stock worth $3,780,000 after acquiring an additional 200 shares during the period. Douglas Lane & Associates LLC increased its holdings in PepsiCo by 0.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 134,779 shares of the company’s stock worth $22,837,000 after acquiring an additional 1,031 shares during the period. Community Trust & Investment Co. grew its stake in PepsiCo by 0.8% in the 3rd quarter. Community Trust & Investment Co. now owns 57,039 shares of the company’s stock worth $9,665,000 after buying an additional 463 shares in the last quarter. Finally, Ziegler Capital Management LLC grew its stake in PepsiCo by 2.0% in the 3rd quarter. Ziegler Capital Management LLC now owns 87,248 shares of the company’s stock worth $14,784,000 after buying an additional 1,681 shares in the last quarter. 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.