Pepsico (PEP) : Analyst Rating Update

Pepsico (PEP) : The consensus on Pepsico (PEP) based on 16 analyst recommendation on the company stock is 1.59, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 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. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pepsico (PEP) : Average target price received by Pepsico (PEP) is $113.8 with an expected standard deviation of $5.43. The most aggressive target on the stock is $119, whereas the most downbeat target is $100. 10 financial analysts are currently covering the stock.

Pepsico (NYSE:PEP): The stock opened at $106.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $106.73 for the day. The stock traded down to $105.63 during the day, due to lack of any buying support eventually closed down at $105.92 with a loss of -0.47% for the day. The stock had closed at $106.42 on the previous day. The total traded volume was 6,126,516 shares.

Also, Goldman Sachs maintains its rating on Pepsico (NYSE:PEP). The global brokerage major lowers the current price target from $105 per share to $104 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 29, 2016. The company shares have rallied 11.31% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $106.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $102.74 and the 200 Day Moving Average price is recorded at $101.08.

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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