Barclays Releases a Buy Rating on PepsiCo (PEP)

In a report released today, Lauren Lieberman from Barclays assigned a Buy rating to PepsiCo (PEP – Research Report), with a price target of $184.00. The company’s shares closed yesterday at $176.46.

According to TipRanks, Lieberman is a 4-star analyst with an average return of 2.0% and a 53.23% success rate. Lieberman covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Procter & Gamble, and Church & Dwight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $191.53 average price target.

PEP market cap is currently $242.5B and has a P/E ratio of 26.89.

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.