PepsiCo (PEP) Upgraded at BidaskClub

PepsiCo (NASDAQ:PEP) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

PEP has been the subject of several other reports. Macquarie set a $122.00 price target on PepsiCo and gave the company an “outperform” rating in a report on Friday, September 28th. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Morgan Stanley boosted their price target on PepsiCo from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Deutsche Bank cut their price target on PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a report on Wednesday, October 3rd. Finally, Citigroup boosted their price target on PepsiCo from $111.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus target price of $117.89.

Shares of PEP opened at $110.45 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. The firm has a market capitalization of $155.91 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. PepsiCo has a fifty-two week low of $95.94 and a fifty-two week high of $122.51.



PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. PepsiCo’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. On average, analysts forecast that PepsiCo will post 5.65 EPS for the current year.

In related news, EVP David Yawman sold 12,024 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now directly owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the sale, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The disclosure for this sale can be found here. Insiders have sold a total of 185,819 shares of company stock valued at $20,406,438 over the last three months. Corporate insiders own 0.27% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in PepsiCo by 1.4% during the 2nd quarter. BlackRock Inc. now owns 93,852,156 shares of the company’s stock worth $10,217,684,000 after purchasing an additional 1,291,012 shares during the period. Bank of New York Mellon Corp boosted its position in PepsiCo by 20.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,389,677 shares of the company’s stock worth $2,002,085,000 after purchasing an additional 3,115,305 shares during the period. FMR LLC boosted its position in PepsiCo by 4.9% during the 2nd quarter. FMR LLC now owns 10,129,130 shares of the company’s stock worth $1,102,759,000 after purchasing an additional 471,913 shares during the period. Schwab Charles Investment Management Inc. boosted its position in PepsiCo by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,149,424 shares of the company’s stock worth $996,098,000 after purchasing an additional 376,620 shares during the period. Finally, Yacktman Asset Management LP boosted its position in PepsiCo by 0.6% during the 2nd quarter. Yacktman Asset Management LP now owns 7,852,617 shares of the company’s stock worth $854,914,000 after purchasing an additional 46,195 shares during the period. 70.72% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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