Pepsico (NASDAQ:PEP)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They presently have a $113.00 price target on the stock. Jefferies Group’s target price would indicate a potential downside of 4.78% from the stock’s current price.
Other analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research note on Friday, December 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research note on Wednesday, September 6th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, October 3rd. Wells Fargo & Co upped their target price on Pepsico from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 target price (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Pepsico currently has an average rating of “Buy” and an average price target of $122.82.
Pepsico (NASDAQ PEP) opened at $118.67 on Thursday. Pepsico has a twelve month low of $101.06 and a twelve month high of $120.57. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $168,770.00, a PE ratio of 24.52, a PEG ratio of 3.09 and a beta of 0.68.
A hedge fund recently raised its stake in Pepsico stock. Prudential Financial Inc. raised its stake in Pepsico, Inc. (NASDAQ:PEP) by 26.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,354,014 shares of the company’s stock after purchasing an additional 899,911 shares during the quarter. Pepsico accounts for 0.7% of Prudential Financial Inc.’s portfolio, making the stock its 19th biggest position. Prudential Financial Inc. owned 0.31% of Pepsico worth $485,168,000 as of its most recent filing with the SEC. 70.20% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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