PepsiCo (NASDAQ:PEP) had its target price increased by equities research analysts at SunTrust Banks to in a report released on Friday, The Fly reports. The firm currently has a “hold” rating on the stock.

A number of other research firms also recently weighed in on PEP. Cfra boosted their target price on shares of PepsiCo from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI restated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Finally, Citigroup boosted their target price on shares of PepsiCo from $143.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $137.95.

Shares of PepsiCo stock traded up $0.52 during trading hours on Friday, reaching $146.99. The company’s stock had a trading volume of 3,555,804 shares, compared to its average volume of 4,124,524. The firm has a 50 day moving average price of $140.23 and a 200-day moving average price of $136.19. PepsiCo has a one year low of $114.11 and a one year high of $147.15. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The stock has a market cap of $203.11 billion, a P/E ratio of 16.78, a P/E/G ratio of 3.51 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, February 13th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm had revenue of $20.64 billion for the quarter, compared to the consensus estimate of $20.24 billion. During the same period in the previous year, the firm posted $1.49 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo will post 5.51 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in PEP. PSI Advisors LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $25,000. Evolution Wealth Advisors LLC boosted its position in PepsiCo by 221.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after buying an additional 137 shares during the period. Vista Private Wealth Partners. LLC purchased a new stake in PepsiCo in the 3rd quarter valued at about $36,000. Permanens Capital L.P. boosted its position in PepsiCo by 511.4% in the 4th quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock valued at $37,000 after buying an additional 225 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $40,000. 71.35% of the stock is owned by institutional investors.

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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