BNP Paribas Lowers PepsiCo (NASDAQ:PEP) Price Target to $160.00

PepsiCo (NASDAQ:PEP) had its price target reduced by stock analysts at BNP Paribas from $162.00 to $160.00 in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock. BNP Paribas’ price target indicates a potential upside of 9.84% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One equities 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. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $171.76.

PepsiCo Stock Up 1.5 %

Shares of NASDAQ PEP opened at $145.66 on Tuesday. The company has a market cap of $199.84 billion, a P/E ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. The firm has a 50-day simple moving average of $152.49 and a two-hundred day simple moving average of $164.53. PepsiCo has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AMF Tjanstepension AB increased its stake in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Czech National Bank increased its stake in shares of PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after purchasing an additional 17,833 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of PepsiCo by 12.4% during the third quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock worth $2,352,000 after purchasing an additional 1,527 shares in the last quarter. Atwood & Palmer Inc. grew its stake in PepsiCo by 1.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock valued at $2,339,000 after acquiring an additional 160 shares in the last quarter. Finally, Pacifica Partners Inc. grew its stake in PepsiCo by 4.6% during the 3rd quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock valued at $3,473,000 after acquiring an additional 892 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.