PepsiCo: PepsiCo (NASDAQ:PEP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

PepsiCo ( NASDAQ:PEP - Get Free Report ) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $158.00 to $159.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co. 's target price would indicate a potential upside of 10.83% from the stock's previous close. A number of other research firms have also recently commented on PEP. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Citigroup decreased their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $167.24. Get Our Latest Research Report on PepsiCo PepsiCo Stock Up 1.2 % PepsiCo ( NASDAQ:PEP - Get Free Report ) last issued 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm earned $1.78 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo will post 8.3 earnings per share for the current year. Hedge Funds Weigh In On PepsiCo Large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth $2,729,565,000. GAMMA Investing LLC lifted its position in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $589,307,000. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds. PepsiCo Company Profile ( Get Free Report ) 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. Featured Stories Five stocks we like better than PepsiCo What Is WallStreetBets and What Stocks Are They Targeting? How to Invest in Micro-Cap Stocks Like a Pro Why Are Stock Sectors Important to Successful Investing? Investors Sell Microsoft Stock on OpenAI News-Time to Buy? High Flyers: 3 Natural Gas Stocks for March 2022 Take-Two Interactive: A Defensive Play Set to Explode 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 .