PepsiCo (NASDAQ:PEP) Given New $165.00 Price Target at JPMorgan Chase & Co.

PepsiCo (NASDAQ:PEP) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $183.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 10.58% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Barclays decreased their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $177.00.

PepsiCo Stock Up 0.4 %

Shares of NASDAQ PEP traded up $0.60 during midday trading on Friday, reaching $149.22. 488,402 shares of the company’s stock traded hands, compared to its average volume of 6,440,167. 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 stock’s 50 day simple moving average is $154.40 and its 200-day simple moving average is $165.52. PepsiCo has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $204.73 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.86 and a beta of 0.54.

Institutional Trading of PepsiCo

Several institutional investors have recently modified their holdings of PEP. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Cross Staff Investments Inc lifted its stake in shares of PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock worth $1,204,000 after buying an additional 60 shares in the last quarter. Paulson Wealth Management Inc. lifted its stake in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after buying an additional 60 shares in the last quarter. LCM Capital Management Inc lifted its stake in shares of PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares in the last quarter. Finally, Demars Financial Group LLC lifted its stake in shares of PepsiCo by 1.1% in the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares in 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.