Credit Suisse Group reiterated their neutral rating on shares of PepsiCo (NASDAQ:PEP) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a $124.00 target price on the stock, up from their previous target price of $122.00.
A number of other research firms have also issued reports on PEP. SunTrust Banks assumed coverage on PepsiCo in a research note on Monday, January 29th. They issued a hold rating and a $125.00 target price on the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $120.00 target price on shares of PepsiCo in a research note on Friday, December 22nd. Cowen reaffirmed a buy rating and issued a $133.00 target price on shares of PepsiCo in a research note on Tuesday, January 9th. Deutsche Bank assumed coverage on PepsiCo in a research note on Wednesday, December 13th. They issued a buy rating and a $132.00 target price on the stock. Finally, Wells Fargo & Co upped their target price on PepsiCo from $110.00 to $115.00 and gave the company a market perform rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. PepsiCo currently has an average rating of Hold and a consensus target price of $123.44.
Shares of PepsiCo (NASDAQ PEP) opened at $118.67 on Thursday. PepsiCo has a 52 week low of $104.06 and a 52 week high of $122.51. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $168,765.70, a P/E ratio of 23.18, a P/E/G ratio of 3.06 and a beta of 0.62.
Institutional investors and hedge funds have recently modified their holdings of the business. Rockland Trust Co. raised its holdings in PepsiCo by 2.7% in the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock valued at $17,495,000 after acquiring an additional 3,876 shares during the last quarter. LGT Capital Partners LTD. raised its holdings in PepsiCo by 2.2% in the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock valued at $21,316,000 after acquiring an additional 3,780 shares during the last quarter. First American Trust FSB raised its holdings in PepsiCo by 12.3% in the 4th quarter. First American Trust FSB now owns 70,784 shares of the company’s stock valued at $8,489,000 after acquiring an additional 7,766 shares during the last quarter. Windward Capital Management Co. CA raised its holdings in PepsiCo by 2.7% in the 4th quarter. Windward Capital Management Co. CA now owns 129,819 shares of the company’s stock valued at $15,568,000 after acquiring an additional 3,471 shares during the last quarter. Finally, Patriot Wealth Management Inc. increased its holdings in shares of PepsiCo by 1.5% during the 4th quarter. Patriot Wealth Management Inc. now owns 41,517 shares of the company’s stock worth $4,979,000 after buying an additional 610 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.
TRADEMARK VIOLATION WARNING: “PepsiCo’s (PEP) Neutral Rating Reiterated at Credit Suisse Group” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://sportsperspectives.com/2018/02/05/pepsicos-pep-neutral-rating-reiterated-at-credit-suisse-group.html.
PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.