In a report released yesterday, Christopher Carey from Wells Fargo maintained a Hold rating on PepsiCo (PEP – Research Report), with a price target of $175.00. The company’s shares closed yesterday at $168.95.
Carey covers the Consumer Defensive sector, focusing on stocks such as Clorox, Keurig Dr Pepper, and General Mills. According to TipRanks, Carey has an average return of 5.2% and a 52.24% success rate on recommended stocks.
PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $191.47, which is a 13.33% upside from current levels. In a report released on April 8, Deutsche Bank also maintained a Hold rating on the stock with a $185.00 price target.
Based on PepsiCo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $27.85 billion and a net profit of $1.3 billion. In comparison, last year the company earned a revenue of $28 billion and had a net profit of $518 million
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.
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