Credit Suisse Initiates Coverage on PepsiCo to Outperform

Credit Suisse Initiates Coverage on PepsiCo(NYSE:PEP). The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 15, 2016.

In a different note, On Jun 29, 2016, Goldman Sachs said it Maintains its rating on PepsiCo. In the research note, the firm Lowers the price-target to $105.00 per share. The shares have been rated ‘Neutral’ by the firm.

PepsiCo (PEP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.60% or 0.63 points. Due to strong positive momentum, the stock ended at $106.3, which is also near the day’s high of $106.71. The stock began the session at $106.1 and the volume stood at 35,61,663 shares. The 52-week high of the shares is $110.94 and the 52 week low is $91.45. The company has a current market capitalization of $152,982 M and it has 1,43,91,57,800 shares in outstanding.

PepsiCo(PEP) last announced its earnings results on Jul 7, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $15.39B. Analysts had an estimated revenue of $15.37B. Earnings per share were $1.35. Analysts had estimated an EPS of $1.30.

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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