PepsiCo (NASDAQ:PEP) Given New $179.00 Price Target at Deutsche Bank Aktiengesellschaft

PepsiCo (NASDAQ:PEP) had its price target dropped by Deutsche Bank Aktiengesellschaft from $180.00 to $179.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 3.82% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $184.93.

PepsiCo Price Performance

Shares of PEP traded up $2.00 during mid-day trading on Wednesday, hitting $172.42. The company’s stock had a trading volume of 3,258,600 shares, compared to its average volume of 5,495,550. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The firm has a 50-day simple moving average of $173.63 and a 200 day simple moving average of $172.06. The firm has a market capitalization of $237.04 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo has a 1-year low of $157.43 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. Analysts predict that PepsiCo will post 8.13 EPS for the current fiscal year.

Institutional Trading of PepsiCo

Several institutional investors and hedge funds have recently bought and sold shares of PEP. Global Wealth Strategies & Associates raised its stake in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. POM Investment Strategies LLC grew its holdings in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of PepsiCo during the second quarter valued at approximately $30,000. Finally, Fortis Group Advisors LLC grew its holdings in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 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.