PepsiCo (NASDAQ:PEP) had its target price hoisted by equities researchers at Morgan Stanley from $143.00 to $149.00 in a research note issued on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 9.36% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other analysts have also recently commented on PEP. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Bank of America upped their price target on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their target price on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Wells Fargo & Co increased their target price on PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, May 14th. Finally, UBS Group increased their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $130.50.

PEP traded down $1.04 during midday trading on Wednesday, reaching $136.25. The company had a trading volume of 122,108 shares, compared to its average volume of 3,696,356. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average of $132.01 and a two-hundred day moving average of $127.77. The company has a market cap of $189.96 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.53 and a beta of 0.56. PepsiCo has a 1 year low of $104.53 and a 1 year high of $139.18.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $16.45 billion during the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 earnings per share. On average, equities research analysts predict that PepsiCo will post 5.51 EPS for the current year.

In other news, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of PEP. Stuart Chaussee & Associates Inc. increased its stake in PepsiCo by 18.8% during the 2nd quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock worth $66,000 after buying an additional 80 shares in the last quarter. Sigma Investment Counselors Inc. increased its stake in PepsiCo by 2.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after buying an additional 82 shares in the last quarter. Alera Investment Advisors LLC increased its stake in PepsiCo by 3.5% during the 2nd quarter. Alera Investment Advisors LLC now owns 2,471 shares of the company’s stock worth $324,000 after buying an additional 84 shares in the last quarter. Strategic Financial Group LLC increased its stake in PepsiCo by 2.7% during the 2nd quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock worth $425,000 after buying an additional 86 shares in the last quarter. Finally, Laffer Investments increased its stake in PepsiCo by 1.6% during the 2nd quarter. Laffer Investments now owns 5,739 shares of the company’s stock worth $753,000 after buying an additional 93 shares in the last quarter. 71.51% of the stock is owned by institutional investors and hedge funds.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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The Fly

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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