PepsiCo’s (PEP) Market Perform Rating Reaffirmed at CICC Research

PepsiCo (NASDAQ:PEP)‘s stock had its “market perform” rating restated by research analysts at CICC Research in a research note issued to investors on Friday,Benzinga reports.

Other research analysts have also recently issued research reports about the stock. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $145.35 on Friday. The firm has a market cap of $199.42 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The firm’s 50 day simple moving average is $152.15 and its 200-day simple moving average is $164.39. PepsiCo has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. As a group, equities analysts predict that PepsiCo will post 8.15 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

Large investors have recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its holdings in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after acquiring an additional 40,031 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in PepsiCo by 5.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 7,667 shares of the company’s stock worth $1,304,000 after acquiring an additional 367 shares in the last quarter. Albion Financial Group UT grew its holdings in PepsiCo by 3.4% during the 3rd quarter. Albion Financial Group UT now owns 38,869 shares of the company’s stock worth $6,610,000 after acquiring an additional 1,295 shares in the last quarter. CCM Investment Advisers LLC grew its holdings in PepsiCo by 2.3% during the 3rd quarter. CCM Investment Advisers LLC now owns 68,796 shares of the company’s stock worth $11,699,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Clarius Group LLC grew its holdings in PepsiCo by 5.2% during the 3rd quarter. Clarius Group LLC now owns 10,571 shares of the company’s stock worth $1,783,000 after acquiring an additional 525 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

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.