PepsiCo (NASDAQ:PEP) Given New $179.00 Price Target at Deutsche Bank Aktiengesellschaft

PepsiCo (NASDAQ:PEP) had its target price reduced by Deutsche Bank Aktiengesellschaft from $180.00 to $179.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 3.47% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. BNP Paribas began coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $182.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.07.

PepsiCo Stock Up 0.3 %

Shares of PEP opened at $172.99 on Wednesday. The company has a market capitalization of $237.82 billion, a PE ratio of 25.11, a PEG ratio of 3.07 and a beta of 0.53. The stock’s 50-day moving average price is $173.62 and its two-hundred day moving average price is $172.06. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo has a 12 month low of $157.43 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that PepsiCo will post 8.13 EPS for the current year.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently modified their holdings of PEP. Legal & General Group Plc raised its position in PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after buying an additional 905,468 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PepsiCo by 7.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock valued at $1,673,632,000 after purchasing an additional 700,092 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in PepsiCo by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after purchasing an additional 561,465 shares during the last quarter. Ameriprise Financial Inc. grew its position in PepsiCo by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock worth $846,030,000 after purchasing an additional 57,322 shares in the last quarter. Finally, Flossbach Von Storch AG increased its stake in PepsiCo by 67.2% in the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after buying an additional 1,832,385 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

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.