S&P Equity Research Downgrades PepsiCo to Hold (PEP)

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PepsiCo (NYSE:PEP) was downgraded by investment analysts at S&P Equity Research to a “hold” rating in a note issued to investors on Thursday, Analyst Ratings.Net reports.

A number of other firms have also recently commented on PEP. Analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Monday, April 21st. They now have a $90.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of PepsiCo in a research note on Monday, April 21st. They now have a $92.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of PepsiCo in a research note on Monday, April 21st. They now have a $91.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $91.80.

Shares of PepsiCo (NYSE:PEP) traded up 1.82% during mid-day trading on Thursday, hitting $86.80. The stock had a trading volume of 4,702,354 shares. PepsiCo has a 52-week low of $77.01 and a 52-week high of $87.06. The stock’s 50-day moving average is $83.16 and its 200-day moving average is $82.48. The company has a market cap of $131.6 billion and a P/E ratio of 19.26.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $12.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.54 earnings per share for the current fiscal year.

PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.

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