Jefferies Group Reaffirms “Hold” Rating for PepsiCo (NASDAQ:PEP)
Other research analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. BMO Capital Markets restated a hold rating and issued a $120.00 target price on shares of PepsiCo in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of PepsiCo from a hold rating to a buy rating and set a $122.00 target price for the company in a research note on Tuesday, October 3rd. Credit Suisse Group reiterated a hold rating and issued a $122.00 price objective (down previously from $124.00) on shares of PepsiCo in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reiterated a hold rating on shares of PepsiCo in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. PepsiCo presently has a consensus rating of Hold and an average price target of $123.30.
PepsiCo (PEP) traded up $0.47 during midday trading on Thursday, hitting $120.14. 1,280,497 shares of the company were exchanged, compared to its average volume of 3,990,875. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $173,160.13, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.14 and a beta of 0.68. PepsiCo has a 1 year low of $102.98 and a 1 year high of $122.51.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. grew its position in PepsiCo by 26.1% in the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock valued at $485,168,000 after buying an additional 899,911 shares in the last quarter. SG Americas Securities LLC lifted its holdings in PepsiCo by 3,234.3% in the 4th quarter. SG Americas Securities LLC now owns 471,207 shares of the company’s stock valued at $56,507,000 after acquiring an additional 457,075 shares during the last quarter. APG Asset Management N.V. lifted its holdings in PepsiCo by 6.6% in the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock valued at $669,989,000 after acquiring an additional 413,900 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PepsiCo by 16.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock valued at $238,634,000 after acquiring an additional 284,979 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in PepsiCo by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock valued at $974,344,000 after acquiring an additional 252,631 shares during the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.mareainformativa.com/2018/01/30/pepsicos-pep-hold-rating-reiterated-at-jefferies-group-updated-updated-updated.html.
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).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.