Brokerage firm Stifel Nicolaus Downgrades its rating on PepsiCo(NYSE:PEP). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Apr 14, 2016.
In a different note, On Feb 26, 2016, Sterne Agee CRT said it Downgrades its rating on PepsiCo. The shares have been rated ‘Neutral’ by the firm. On Feb 5, 2016, Susquehanna said it Maintains its rating on PepsiCo. In the research note, the firm Raises the price-target to $98.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 28, 2016, Barclays said it Maintains its rating on PepsiCo. In the research note, the firm Lowers the price-target to $111.00 per share. The shares have been rated ‘Overweight’ by the firm.
PepsiCo (PEP) shares turned negative on Mondays trading session with the shares closing down -0.05 points or -0.05% at a volume of 77,36,904. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $104.59. The peak price level was also seen at $104.59 while the days lowest was $103.5. Finally the shares closed at $103.72. The 52-week high of the shares is $105.77 while the 52-week low is $76.48. According to the latest information available, the market cap of the company is $149,918 M.
PepsiCo(PEP) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $18.59B. Analysts had an estimated revenue of $18.53B. Earnings per share were $1.06. Analysts had estimated an EPS of $1.06.
Several Insider Transactions has been reported to the SEC. On Oct 16, 2015, Daniel Vasella (director) sold 2,349 shares at $98.06 per share price.Also, On Oct 13, 2015, Dina Dublon (director) sold 3,064 shares at $98.50 per share price.On Oct 13, 2015, Indra K Nooyi (Chairman and CEO) sold 375,000 shares at $98.53 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.