PepsiCo (NASDAQ:PEP) Lowered to Hold Rating by Jefferies Financial Group

PepsiCo (NASDAQ:PEP) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Wednesday,Briefing.com Automated Import reports. They presently have a $170.00 price target on the stock, down from their previous price target of $171.00. Jefferies Financial Group’s target price would suggest a potential upside of 11.60% from the company’s current price.

A number of other brokerages also recently commented on PEP. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. 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 research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $170.59.

PepsiCo Stock Down 2.5 %

PepsiCo stock opened at $152.33 on Wednesday. The company has a market cap of $208.92 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a fifty day simple moving average of $148.90 and a 200 day simple moving average of $160.46. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released 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 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PepsiCo

Institutional investors have recently added to or reduced their stakes in the stock. Collier Financial acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. 73.07% of the stock is currently 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.