PepsiCo (NASDAQ:PEP) Given New $153.00 Price Target at Barclays

PepsiCo (NASDAQ:PEP) had its price objective cut by research analysts at Barclays from $158.00 to $153.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 5.04% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Morgan Stanley cut their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $145.66 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $199.84 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a 50-day moving average price of $152.49 and a 200-day moving average price of $164.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo will post 8.15 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds have recently bought and sold shares of the business. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $28,000. Collier Financial purchased a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter worth about $31,000. Finally, Rakuten Securities Inc. boosted its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

About PepsiCo

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.