Evercore ISI Lowers PepsiCo (NASDAQ:PEP) Price Target to $160.00

PepsiCo (NASDAQ:PEP) had its price target cut by analysts at Evercore ISI from $180.00 to $160.00 in a research report issued to clients and investors on Tuesday. Evercore ISI’s target price points to a potential upside of 9.84% from the stock’s previous close.

A number of other equities analysts have also commented on PEP. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday. They set a $172.00 price objective on the stock. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $171.76.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.66 on Tuesday. The firm has a market cap of $199.84 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo has a 1-year low of $141.51 and a 1-year high of $183.41. The business’s 50 day moving average is $152.49 and its 200-day moving average is $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, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. Equities research analysts predict that PepsiCo will post 8.15 earnings per share for the current year.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently modified their holdings of PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter valued at $28,000. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

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.