PepsiCo (PEP) was Initiated by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $121. Credit Suisse advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 119 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .
On the company’s financial health, PepsiCo reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $1.30. The company had revenue of $15395.00 million for the quarter, compared to analysts expectations of $15404.54 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.
PepsiCo opened for trading at $104.82 and hit $105.64 on the upside on Wednesday, eventually ending the session at $105.05, with a gain of 0.44% or 0.46 points. The heightened volatility saw the trading volume jump to 4,007,846 shares. Company has a market cap of $151,184 M.
In a different news, on Jul 29, 2016, Mehmood Khan (Vice Chair,EVP,CSO,Global R&D) sold 51,137 shares at $107.31 per share price. According to the SEC, 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.