BNP Paribas Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEPGet Free Report) had its price target lowered by equities research analysts at BNP Paribas from $162.00 to $160.00 in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. BNP Paribas’ target price indicates a potential upside of 11.31% from the company’s current price.

Several other equities analysts have also recently commented on PEP. Wells Fargo & Company cut their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $174.53.

Get Our Latest Stock Analysis on PEP

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $6.53 on Tuesday, reaching $143.74. The stock had a trading volume of 3,116,546 shares, compared to its average volume of 6,421,764. The business’s 50-day moving average price is $153.12 and its two-hundred day moving average price is $164.85. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a market cap of $197.22 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. On average, sell-side analysts forecast that PepsiCo will post 8.15 EPS for the current year.

Institutional Trading of PepsiCo

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

About PepsiCo

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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