JPMorgan Chase & Co. Issues Positive Forecast for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $158.00 to $159.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.31% from the company’s current price.

A number of other analysts have also weighed in on PEP. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $167.76.

PepsiCo Trading Up 2.0 %

PepsiCo stock opened at $142.84 on Monday. PepsiCo has a 52-week low of $138.33 and a 52-week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The firm has a 50-day moving average price of $148.16 and a two-hundred day moving average price of $154.74.

PepsiCo (NASDAQ:PEP) last announced 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. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Sell-side analysts expect that PepsiCo will post 8.3 earnings per share for the current year.

Institutional Investors Weigh In On PepsiCo

Several institutional investors have recently made changes to their positions in the company. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth about $31,000. 73.07% of the stock is currently 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.