Jefferies analyst Kaumil Gajrawala maintained a Buy rating on PepsiCo (PEP – Research Report) today and set a price target of $211.00. The company’s shares closed yesterday at $179.46.
According to TipRanks, Gajrawala is a 3-star analyst with an average return of 3.1% and a 55.67% success rate. Gajrawala covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Boston Beer, and PepsiCo.
PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $190.40.
The company has a one-year high of $188.15 and a one-year low of $153.48. Currently, PepsiCo has an average volume of 5.49M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PepsiCo (PEP) Company Description:
PepsiCo, Inc. is a food and beverage company that owns brands like Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Cheetos, Doritos, Aquafina and Tropicana. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.
Read More on PEP:
