Sunday, 3 March 2024

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Barclays Gives a Buy Rating to PepsiCo (PEP) – TipRanks Financial Blog

Is TCL.A a Buy, Before Earnings? – TipRanks Financial Blog

Barclays analyst Lauren Lieberman assigned a Buy rating to PepsiCo (PEPResearch Report) yesterday and set a price target of $183.00. The company’s shares closed yesterday at $170.61.

Lieberman covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Coca-Cola, and Colgate-Palmolive. According to TipRanks, Lieberman has an average return of 2.1% and a 52.69% success rate on recommended stocks.

Currently, the analyst consensus on PepsiCo is a Moderate Buy with an average price target of $189.73, an 11.21% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $210.00 price target.

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The company has a one-year high of $192.68 and a one-year low of $154.65. Currently, PepsiCo has an average volume of 5.41M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PepsiCo (PEP) Company Description:

PepsiCo, Inc. is a food and beverage company that owns brands like Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Cheetos, Doritos, Aquafina and Tropicana. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

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