Deutsche Bank Aktiengesellschaft Lowers PepsiCo (NASDAQ:PEP) Price Target to $178.00

PepsiCo (NASDAQ:PEP) had its price objective decreased by research analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $178.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 19.77% from the stock’s previous close.

Several other analysts have also commented on the stock. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, Royal Bank of Canada lowered their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Stock Up 0.4 %

Shares of NASDAQ PEP opened at $148.62 on Wednesday. The firm has a fifty day simple moving average of $154.40 and a two-hundred day simple moving average of $165.52. The firm has a market capitalization of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41.

Institutional Trading of PepsiCo

Large investors have recently made changes to their positions in the stock. Global Wealth Strategies & Associates raised its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter valued at about $31,000. 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 valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC purchased a new stake in shares of PepsiCo during the 2nd quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors.

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.