Several other analysts have also recently commented on the stock. Analysts at CLSA upgraded shares of PepsiCo from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Morgan Stanley (NYSE: MS) upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, May 7th. They now have a $77.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of PepsiCo from $64.00 to $66.00 in a research note to investors on Sunday, April 29th. They now have a “neutral” rating on the stock.
Shares of PepsiCo traded up 0.31% during mid-day trading on Wednesday, hitting $68.96. PepsiCo has a one year low of $58.50 and a one year high of $71.89. The company has a market cap of $107.9 billion and a P/E ratio of 17.03.
PepsiCo last announced its earnings results on Thursday, April 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that PepsiCo will post $1.21 earnings per share next quarter.
PepsiCo, Inc. (PepsiCo) is a global food, snack and beverage company. The Company’s brands include Quaker Oats, Tropicana, Gatorade, Lay’s, Pepsi, Walkers, Gamesa and Sabritas.