PepsiCo (NASDAQ:PEP) Downgraded by BidaskClub

PepsiCo (NASDAQ:PEP) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday, BidAskClub reports.

Other equities analysts have also issued reports about the company. Citigroup dropped their price objective on PepsiCo from $157.00 to $148.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. SunTrust Banks boosted their price target on PepsiCo from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Deutsche Bank lowered their price target on PepsiCo from $145.00 to $143.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Goldman Sachs Group assumed coverage on PepsiCo in a research note on Wednesday, April 1st. They set a “conviction-buy” rating on the stock. Finally, Morgan Stanley restated a “buy” rating on shares of PepsiCo in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $142.00.

Shares of PepsiCo stock traded up $0.27 during trading on Thursday, reaching $130.48. The company’s stock had a trading volume of 3,344,403 shares, compared to its average volume of 6,111,983. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.94 and a current ratio of 1.10. The business’s fifty day moving average price is $132.43 and its 200-day moving average price is $134.80. The firm has a market cap of $180.67 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 4.98 and a beta of 0.60. PepsiCo has a one year low of $101.42 and a one year high of $147.20.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.20 billion. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Sell-side analysts anticipate that PepsiCo will post 5.32 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FDx Advisors Inc. lifted its holdings in PepsiCo by 18.3% during the 1st quarter. FDx Advisors Inc. now owns 43,623 shares of the company’s stock worth $5,239,000 after buying an additional 6,756 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in PepsiCo by 29.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,665,506 shares of the company’s stock worth $200,027,000 after buying an additional 380,000 shares in the last quarter. Cim Investment Mangement Inc. lifted its holdings in PepsiCo by 3.3% during the 1st quarter. Cim Investment Mangement Inc. now owns 8,241 shares of the company’s stock worth $990,000 after buying an additional 266 shares in the last quarter. Equitable Trust Co. lifted its holdings in PepsiCo by 0.5% during the 1st quarter. Equitable Trust Co. now owns 44,640 shares of the company’s stock worth $5,362,000 after buying an additional 200 shares in the last quarter. Finally, Capital Advisors Inc. OK lifted its holdings in PepsiCo by 1.2% during the 1st quarter. Capital Advisors Inc. OK now owns 1,673,434 shares of the company’s stock worth $200,979,000 after buying an additional 19,930 shares in the last quarter. 70.84% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Analyst Recommendations for PepsiCo (NASDAQ:PEP)

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