Jefferies Group Reiterates “Hold” Rating for PepsiCo (PEP)

PepsiCo (NASDAQ:PEP)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a research report issued on Tuesday. They presently have a $113.00 price target on the stock. Jefferies Group’s price target would suggest a potential upside of 3.57% from the stock’s current price.

A number of other equities research analysts have also recently commented on PEP. Royal Bank of Canada restated a “hold” rating on shares of PepsiCo in a research note on Sunday, November 12th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Tuesday, October 31st. Wells Fargo & Co raised their target price on shares of PepsiCo from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Cowen restated a “buy” rating and set a $133.00 target price on shares of PepsiCo in a research note on Tuesday, January 9th. Finally, Deutsche Bank assumed coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They set a “buy” rating and a $132.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $123.04.

PepsiCo (PEP) opened at $109.11 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The stock has a market cap of $155,170.00, a P/E ratio of 22.54, a P/E/G ratio of 2.89 and a beta of 0.62. PepsiCo has a 1-year low of $104.77 and a 1-year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. PepsiCo had a net margin of 10.97% and a return on equity of 59.68%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. analysts expect that PepsiCo will post 5.22 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Tompkins Financial Corp raised its position in shares of PepsiCo by 1.2% during the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock valued at $4,153,000 after buying an additional 421 shares during the last quarter. Courier Capital LLC raised its position in shares of PepsiCo by 0.6% during the fourth quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock valued at $8,711,000 after buying an additional 430 shares during the last quarter. Bremer Trust National Association raised its position in shares of PepsiCo by 6.9% during the fourth quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock valued at $811,000 after buying an additional 435 shares during the last quarter. Perkins Coie Trust Co raised its position in shares of PepsiCo by 1.5% during the fourth quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock valued at $3,499,000 after buying an additional 435 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in shares of PepsiCo by 2.7% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock valued at $2,082,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 70.03% of the company’s stock.

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PepsiCo Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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