Pepsico (PEP) Receives Price Target

Pepsico (PEP) : Currently there are 7 street experts covering Pepsico (PEP) stock. The most bullish and bearish price target for the stock is $124 and $115 respectively for the short term. The average price target of all the analysts comes to $120.57. The estimated standard deviation from the target is $3.1.

Pepsico (PEP) : 8 brokerage houses believe that Pepsico (PEP) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pepsico (PEP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.46.


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.

Pepsico (NYSE:PEP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.46 and $106.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.29, notching a gain of 0.51% for the day. The total traded volume was 3,799,038 . The stock had closed at $106.75 on the previous day.

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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