PepsiCo (NASDAQ:PEP) Stock Rating Reaffirmed by Wedbush

PepsiCo (NASDAQ:PEP)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $195.00 target price on the stock. Wedbush’s target price would indicate a potential upside of 9.91% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.33.

PepsiCo Stock Up 3.6 %

Shares of NASDAQ PEP opened at $177.41 on Tuesday. The company has a market capitalization of $243.85 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53. The company’s 50 day moving average price is $169.04 and its 200-day moving average price is $167.70. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that PepsiCo will post 8.15 earnings per share for the current year.

Hedge Funds Weigh In On PepsiCo

Large investors have recently modified their holdings of the business. Amplius Wealth Advisors LLC increased its position in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC increased its holdings in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares during the period. SYM FINANCIAL Corp boosted its position in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after acquiring an additional 61 shares during the period. Finally, Clearwater Capital Advisors LLC lifted its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after buying an additional 61 shares during the period. 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.