Barclays Increases PepsiCo (NASDAQ:PEP) Price Target to $185.00

PepsiCo (NASDAQ:PEP) had its price objective boosted by research analysts at Barclays from $184.00 to $185.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 5.37% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

NASDAQ:PEP opened at $175.58 on Thursday. The company has a 50-day moving average of $169.40 and a 200-day moving average of $167.86. The company has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53. PepsiCo has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that PepsiCo will post 8.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PepsiCo

Several institutional investors have recently modified their holdings of PEP. Wagner Wealth Management LLC grew its position in shares of PepsiCo by 12.4% during the 3rd quarter. Wagner Wealth Management LLC now owns 2,932 shares of the company’s stock worth $497,000 after buying an additional 323 shares during the period. Dominguez Wealth Management Solutions Inc. grew its holdings in PepsiCo by 1.4% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 5,722 shares of the company’s stock valued at $969,000 after purchasing an additional 78 shares during the period. Strategic Blueprint LLC grew its holdings in PepsiCo by 0.7% during the third quarter. Strategic Blueprint LLC now owns 13,060 shares of the company’s stock valued at $2,213,000 after purchasing an additional 97 shares during the period. Caprock Group LLC grew its holdings in PepsiCo by 5.4% during the third quarter. Caprock Group LLC now owns 19,093 shares of the company’s stock valued at $3,235,000 after purchasing an additional 978 shares during the period. Finally, Marion Wealth Management grew its holdings in PepsiCo by 5.3% during the third quarter. Marion Wealth Management now owns 5,988 shares of the company’s stock valued at $1,015,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

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.