BidaskClub upgraded shares of PepsiCo (NASDAQ:PEP) from a sell rating to a hold rating in a research note released on Tuesday.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley dropped their target price on PepsiCo from $127.00 to $125.00 and set a buy rating on the stock in a research report on Thursday, October 4th. JPMorgan Chase & Co. set a $128.00 target price on PepsiCo and gave the company a buy rating in a research report on Wednesday, July 11th. Deutsche Bank lowered PepsiCo from a buy rating to a hold rating and set a $116.00 target price on the stock. in a research report on Tuesday, July 3rd. Citigroup lifted their target price on PepsiCo from $111.00 to $118.00 and gave the company a neutral rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research lowered PepsiCo from a hold rating to a sell rating in a research report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. PepsiCo has an average rating of Hold and an average target price of $117.89.

Shares of NASDAQ PEP traded up $0.22 during mid-day trading on Tuesday, reaching $105.28. 4,352,394 shares of the company’s stock were exchanged, compared to its average volume of 5,014,748. The firm has a market cap of $158.12 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.63 and a beta of 0.67. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.24 and a quick ratio of 1.09. PepsiCo has a twelve month low of $95.94 and a twelve month high of $122.51.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. PepsiCo’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. Equities analysts anticipate that PepsiCo will post 5.69 EPS for the current year.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the transaction, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in shares of PepsiCo by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after acquiring an additional 443 shares during the period. Heritage Way Advisors LLC boosted its stake in shares of PepsiCo by 2.6% during the 2nd quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock worth $1,913,000 after acquiring an additional 450 shares during the period. R.M.SINCERBEAUX Capital Management LLC boosted its stake in shares of PepsiCo by 22.5% during the 2nd quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after acquiring an additional 450 shares during the period. Edgemoor Investment Advisors Inc. boosted its stake in shares of PepsiCo by 6.7% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after acquiring an additional 450 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of PepsiCo by 1.4% during the 2nd quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 70.45% of the company’s stock.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Featured Article: Earnings Per Share (EPS) Explained

Analyst Recommendations for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.