Deutsche Bank Aktiengesellschaft Upgrades PepsiCo (NASDAQ:PEP) to Buy

PepsiCo (NASDAQ:PEP) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a $184.00 price target on the stock, up from their previous price target of $179.00. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 16.48% from the company’s current price.

A number of other equities research analysts also recently issued reports on PEP. JPMorgan Chase & Co. lowered their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research report on Friday, September 20th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays cut their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.31.

PepsiCo Stock Down 0.6 %

PEP opened at $157.97 on Thursday. The stock has a market capitalization of $216.73 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52. PepsiCo has a 12 month low of $155.85 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50-day moving average of $165.74 and a two-hundred day moving average of $168.99.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 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 analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. On average, research analysts expect that PepsiCo will post 8.15 earnings per share for the current year.

Institutional Trading of PepsiCo

Several institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Financial Group LLC bought a new position in PepsiCo during the 2nd quarter worth approximately $291,000. Pure Financial Advisors LLC boosted its holdings in PepsiCo by 1.6% in the second quarter. Pure Financial Advisors LLC now owns 5,139 shares of the company’s stock worth $848,000 after purchasing an additional 83 shares during the period. Rovin Capital UT ADV raised its holdings in shares of PepsiCo by 88.6% during the second quarter. Rovin Capital UT ADV now owns 3,979 shares of the company’s stock worth $656,000 after purchasing an additional 1,869 shares during the period. Insight Wealth Partners LLC lifted its position in shares of PepsiCo by 5.8% in the 2nd quarter. Insight Wealth Partners LLC now owns 2,304 shares of the company’s stock worth $380,000 after buying an additional 127 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of PepsiCo by 29.9% in the 2nd quarter. Gradient Investments LLC now owns 4,831 shares of the company’s stock valued at $797,000 after buying an additional 1,113 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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.