Goldman Sachs Maintains PepsiCo to Neutral with Price Target $104.00

Brokerage firm Goldman Sachs Maintains its rating on PepsiCo(NYSE:PEP). In a research note issued to the investors, the brokerage major Lowers the price-target to $104.00 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jun 29, 2016.

In a different note, On Apr 19, 2016, Barclays said it Maintains its rating on PepsiCo. In the research note, the firm Raises the price-target to $105.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 19, 2016, JP Morgan said it Maintains its rating on PepsiCo. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 19, 2016, Citigroup said it Maintains its rating on PepsiCo. In the research note, the firm Raises the price-target to $102.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Goldman Sachs said it Maintains its rating on PepsiCo. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm.

PepsiCo (PEP) shares turned negative on Fridays trading session with the shares closing down -0.31 points or -0.29% at a volume of 41,15,652. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.4. The peak price level was also seen at $106.4 while the days lowest was $105.3775. Finally the shares closed at $105.63. The 52-week high of the shares is $106.94 while the 52-week low is $76.48. According to the latest information available, the market cap of the company is $152,574 M.

PepsiCo(PEP) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $11.86B. Analysts had an estimated revenue of $11.86B. Earnings per share were $0.89. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Indra K Nooyi (Chairman and CEO) sold 304,220 shares at $103.31 per share price.Also, On Apr 22, 2016, Cynthia Trudell (EVP, HR & Chief HR Officer) sold 8,000 shares at $104.23 per share price.On Oct 16, 2015, Daniel Vasella (director) sold 2,349 shares at $98.06 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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