PepsiCo (PEP) Rating Reiterated by Goldman Sachs

PepsiCo (NASDAQ:PEP)‘s stock had its “sell” rating reissued by equities researchers at Goldman Sachs in a research report issued on Tuesday.

A number of other research analysts have also recently issued reports on the company. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. SunTrust Banks lowered their price objective on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase lowered their price objective on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Jefferies Group reiterated a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a research report on Tuesday, February 13th. Finally, Susquehanna Bancshares lifted their price objective on PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $123.04.

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Shares of PepsiCo stock traded down $1.39 during trading on Tuesday, reaching $108.53. The company’s stock had a trading volume of 490,323 shares, compared to its average volume of 4,405,688. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo has a one year low of $105.94 and a one year high of $122.51. The stock has a market capitalization of $155,088.56, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.59 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The business had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts anticipate that PepsiCo will post 5.7 EPS for the current year.

PepsiCo declared that its board has initiated a stock buyback program on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of PEP. First American Bank lifted its holdings in shares of PepsiCo by 0.8% during the 4th quarter. First American Bank now owns 325,831 shares of the company’s stock valued at $39,073,000 after purchasing an additional 2,567 shares in the last quarter. Steinberg Global Asset Management lifted its holdings in shares of PepsiCo by 2.5% during the 4th quarter. Steinberg Global Asset Management now owns 94,351 shares of the company’s stock valued at $11,315,000 after purchasing an additional 2,297 shares in the last quarter. Harbor Advisory Corp MA bought a new position in shares of PepsiCo during the 4th quarter valued at about $2,744,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of PepsiCo by 233.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Trust Department MB Financial Bank N A lifted its holdings in shares of PepsiCo by 17.4% during the 4th quarter. Trust Department MB Financial Bank N A now owns 94,650 shares of the company’s stock valued at $11,350,000 after purchasing an additional 14,056 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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