PepsiCo (NASDAQ:PEP) Given New $182.00 Price Target at JPMorgan Chase & Co.

PepsiCo (NASDAQ:PEP) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $184.00 to $182.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.94% from the stock’s previous close.

PEP has been the topic of a number of other reports. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Jefferies Financial Group reduced their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Bank of America cut their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.67.

PepsiCo Stock Performance

PepsiCo stock traded up $3.12 during midday trading on Friday, reaching $167.07. The stock had a trading volume of 2,126,278 shares, compared to its average volume of 5,498,742. The firm’s 50-day moving average price is $171.12 and its 200 day moving average price is $169.99. PepsiCo has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $229.69 billion, a PE ratio of 25.08, a P/E/G ratio of 2.84 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the company posted $2.09 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts predict that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.15% of the company’s stock.

Institutional Trading of PepsiCo

Hedge funds have recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA increased its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Valued Wealth Advisors LLC increased its stake in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc purchased a new stake in PepsiCo during the 4th quarter valued at $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo in the first quarter worth $35,000. Hedge funds and other institutional investors 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.