PepsiCo (NASDAQ:PEP) Stock Rating Lowered by StockNews.com

PepsiCo (NASDAQ:PEP) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities analysts have also commented on PEP. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target 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. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Trading Down 0.5 %

NASDAQ:PEP opened at $144.58 on Thursday. PepsiCo has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a market cap of $198.29 billion, a PE ratio of 21.32, a P/E/G ratio of 2.92 and a beta of 0.54. The business’s 50 day moving average is $151.80 and its two-hundred day moving average is $164.26.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous 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. On average, analysts predict that PepsiCo will post 8.15 EPS for the current year.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its position in shares of PepsiCo by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 213,908 shares of the company’s stock valued at $32,527,000 after acquiring an additional 7,959 shares during the last quarter. Windle Wealth LLC raised its position in shares of PepsiCo by 9.1% during the fourth quarter. Windle Wealth LLC now owns 41,942 shares of the company’s stock worth $6,378,000 after purchasing an additional 3,484 shares during the period. Natural Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,003,000. Fairway Wealth LLC purchased a new position in PepsiCo in the 4th quarter worth about $69,000. Finally, GC Wealth Management RIA LLC lifted its stake in PepsiCo by 23.3% during the fourth quarter. GC Wealth Management RIA LLC now owns 16,312 shares of the company’s stock valued at $2,480,000 after buying an additional 3,084 shares in the last quarter. 73.07% of the stock is 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.