Brokerage Firm Rating Update on Pepsico (PEP)

Pepsico (PEP) : The consensus on Pepsico (PEP) based on 12 analyst recommendation on the company stock is 1.46, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pepsico (PEP) stock is expected to deviate a maximum of $3.1 from the average target price of $120.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $124 and the most muted being $115.


For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs maintains its view on Pepsico (NYSE:PEP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs lowers the price target from $105 per share to $104 per share on Pepsico . The rating by the firm was issued on June 29, 2016.

Pepsico (NYSE:PEP): stock was range-bound between the intraday low of $106.78 and the intraday high of $107.97 after having opened at $107.76 on Wednesdays session. The stock finally closed in the red at $107.76, a loss of -0.66%. The stock remained in the red for the whole trading day. The total traded volume was 3,260,537 shares. The stock failed to cross $107.97 in Wednesdays trading. The stocks closing price on Thursday was $107.92.

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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