JPMorgan Chase & Co. Raises PepsiCo (NASDAQ:PEP) Price Target to $185.00

PepsiCo (NASDAQ:PEP) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $182.00 to $185.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 7.90% from the company’s previous close.

PEP has been the subject of a number of other reports. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. BNP Paribas started coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Barclays upped their price objective on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Finally, Jefferies Financial Group lowered their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.40.

PepsiCo Stock Up 0.8 %

Shares of PEP traded up $1.41 during trading on Tuesday, reaching $171.46. The company’s stock had a trading volume of 3,086,360 shares, compared to its average volume of 5,477,986. PepsiCo has a twelve month low of $155.83 and a twelve month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The company has a market cap of $235.72 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a fifty day moving average of $173.82 and a two-hundred day moving average of $172.12.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the previous year, the business earned $2.09 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo will post 8.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Emprise Bank raised its position in PepsiCo by 22.8% during the third quarter. Emprise Bank now owns 12,321 shares of the company’s stock valued at $2,095,000 after buying an additional 2,284 shares during the period. Global Wealth Strategies & Associates raised its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the period. Mattson Financial Services LLC acquired a new position in PepsiCo during the second quarter valued at $34,000. Centaurus Financial Inc. raised its position in PepsiCo by 210.2% during the second quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after buying an additional 9,770 shares during the period. Finally, Anchor Investment Management LLC raised its position in PepsiCo by 17.5% during the second quarter. Anchor Investment Management LLC now owns 26,359 shares of the company’s stock valued at $4,347,000 after buying an additional 3,923 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.