Jefferies Sticks to Its Buy Rating for PepsiCo (PEP)

In a report released today, Kaumil Gajrawala from Jefferies maintained a Buy rating on PepsiCo (PEP – Research Report), with a price target of $209.00. The company’s shares closed yesterday at $171.22.

According to TipRanks, Gajrawala is a 3-star analyst with an average return of 1.8% and a 54.31% success rate. Gajrawala covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Celsius Holdings, and Boston Beer.

PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $191.00, implying an 11.55% upside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $210.00 price target.

The company has a one-year high of $191.22 and a one-year low of $153.48. Currently, PepsiCo has an average volume of 5.95M.

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.