Royal Bank Of Canada Reiterates “Sector Perform” Rating for PepsiCo (NASDAQ:PEP)

PepsiCo (NASDAQ:PEP)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They currently have a $148.00 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 15.61% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $159.75.

PepsiCo Stock Down 2.3%

Shares of NASDAQ:PEP opened at $128.02 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo has a 12 month low of $127.63 and a 12 month high of $180.91. The company has a 50-day moving average price of $132.36 and a 200 day moving average price of $143.44. The company has a market cap of $175.53 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.76 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm earned $1.61 EPS. The company’s revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo will post 8.3 earnings per share for the current year.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $25,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter worth $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter worth $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.