UBS Group Lowers PepsiCo (NASDAQ:PEP) Price Target to $175.00

PepsiCo (NASDAQ:PEP) had its target price lowered by UBS Group from $193.00 to $175.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 18.04% from the stock’s previous close.

A number of other analysts have also weighed in on PEP. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada dropped their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays cut their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $178.60.

PepsiCo Trading Up 1.2 %

NASDAQ:PEP opened at $148.25 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a 50-day simple moving average of $155.37 and a 200-day simple moving average of $165.82. PepsiCo has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. Apeiron RIA LLC boosted its holdings in shares of PepsiCo by 25.8% in the 4th quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock valued at $802,000 after acquiring an additional 1,082 shares during the last quarter. Secure Asset Management LLC boosted its holdings in PepsiCo by 31.8% in the fourth quarter. Secure Asset Management LLC now owns 3,546 shares of the company’s stock valued at $539,000 after purchasing an additional 855 shares during the last quarter. Red Door Wealth Management LLC raised its stake in shares of PepsiCo by 7.8% during the 4th quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock valued at $5,388,000 after buying an additional 2,568 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in shares of PepsiCo by 2.9% in the 4th quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock valued at $4,299,000 after buying an additional 799 shares during the period. Finally, Peterson Wealth Advisors LLC boosted its stake in shares of PepsiCo by 16.4% in the fourth quarter. Peterson Wealth Advisors LLC now owns 1,395 shares of the company’s stock worth $209,000 after buying an additional 197 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.