BNP Paribas Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo (NASDAQ:PEP) had its price objective lowered by stock analysts at BNP Paribas from $162.00 to $160.00 in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. BNP Paribas’ price objective suggests a potential upside of 11.31% from the stock’s previous close.

PEP has been the subject of a number of other reports. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday. They set a $172.00 price objective for the company. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $174.53.

PepsiCo Stock Down 4.3 %

Shares of NASDAQ:PEP traded down $6.53 during midday trading on Tuesday, hitting $143.74. The stock had a trading volume of 3,116,546 shares, compared to its average volume of 6,421,764. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business’s 50-day simple moving average is $153.12 and its 200-day simple moving average is $164.85. The company has a market cap of $197.22 billion, a P/E ratio of 21.20, a PEG ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. On average, sell-side analysts forecast that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth about $28,000. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. 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.