Jefferies Maintains PepsiCo to Buy with Price Target $122.00

Brokerage firm Jefferies Maintains its rating on PepsiCo(NYSE:PEP). In a research note issued to the investors, the brokerage major Lowers the price-target to $122.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, Credit Suisse said it Initiates Coverage on PepsiCo, according to a research note issued on Sep 15, 2016. The shares have been rated ‘Outperform’ by the firm.

PepsiCo (PEP) shares turned negative on Tuesdays trading session with the shares closing down -1.15 points or -1.06% at a volume of 58,30,099. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $108.37. The peak price level was also seen at $108.37 while the days lowest was $106.58. Finally the shares closed at $107.1. The 52-week high of the shares is $110.94 while the 52-week low is $93.2481. According to the latest information available, the market cap of the company is $153,601 M.

PepsiCo(PEP) last announced its earnings results on Sep 29, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $16.03B. Analysts had an estimated revenue of $15.81B. Earnings per share were $1.40. Analysts had estimated an EPS of $1.31.

Several Insider Transactions has been reported to the SEC. On Jul 29, 2016, Mehmood Khan (Vice Chair,EVP,CSO,Global R&D) sold 51,137 shares at $107.31 per share price.Also, On Jul 14, 2016, Laxman Narasimhan (CEO, Latin America) sold 3,219 shares at $109.11 per share price.On Jul 13, 2016, Ramon Laguarta (CEO, ESSA) sold 17,221 shares at $108.27 per share price, according to the Form-4 filing with the securities and exchange commission.

PepsiCo Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA) Quaker Foods North America (QFNA) Latin America Foods (LAF) which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB) which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe) which includes beverage food and snack businesses in Europe and South Africa and PepsiCo Asia Middle East and Africa (AMEA) which includes beverage food and snack businesses in AMEA excluding South Africa. Through its operations bottlers contract manufacturers and other third-parties the Company manufactures markets distributes and sells a variety of beverages foods and snacks serving customers and consumers in more than 200 countries and territories.

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