The shares of PepsiCo, Inc. (NASDAQ:PEP) has been pegged with a rating of Outperform by Macquarie in its latest research note that was published on February 19th, 2019. The research company has also assigned a $126 price target. Macquarie wasn’t the only research firm that published a report of PepsiCo, Inc., with other equities research analysts also giving their opinion on the stock. UBS advised investors in its research note published on December 13th, 2018, to Neutral the PEP stock while also putting a $123 price target. The stock had earned Neutral rating from Macquarie when it published its report on October 5th, 2018. The stock was given Outperform rating by Macquarie in its report released on September 28th, 2018, the day when the price target on the stock was placed at $122. Deutsche Bank was of a view that PEP is Hold in its latest report on July 3rd, 2018. Goldman thinks that PEP is worth Sell rating. This was contained in the firm’s report on April 17th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $118.68. The price of the stock the last time has raised by 21.10% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 62.64.
The shares of the company added by 0.47% during the trading session on Friday, reaching a low of $115.23 while ending the day at $116.18. During the trading session, a total of 3.62 million shares were traded which represents a 34.84% incline from the average session volume which is 5.55M shares. PEP had ended its last session trading at 115.64. PepsiCo, Inc. currently has a market cap of $162.82B, while its P/E ratio stands at 13.24, while its P/E earnings growth sits at 2.52, with a beta of 0.66. PepsiCo, Inc. debt-to-equity ratio currently stands at 2.23, while its quick ratio hovers at 0.80. PEP 52-week low price stands at $95.94 while its 52-week high price is $122.00.
The company in its last quarterly report recorded $1.49 earnings per share which is below the $1.49 predicted by most analysts. The PepsiCo, Inc. generated $19,524.00 million in revenue during the last quarter, which is slightly higher than the $19,518.80 million predicted by analysts. In the second quarter last year, the firm recorded $1.59 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.71%. PepsiCo, Inc. has the potential to record 8.78 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Mizuho published a research note on January 17th, 2019 where it informed investors and clients that Public Service Enterprise Group Incorporated (NYSE:PEG) is now rated as Buy. UBS also rated PEG as Initiated on December 13th, 2018, with its price target of $21 suggesting that PEG could surge by 1.95% from its current share price. Even though the stock has been trading at $58.81/share, analysts expect it to surge higher by 0.75% to reach $60.43/share. It started the day trading at $59.345 and traded between $58.745 and $59.25 throughout the trading session.
A look at its technical shows that PEG’s 50-day SMA is 53.80 while its 200-day SMA stands at 53.12. The stock has a high of $59.05 for the year while the low is $46.19. The company’s P/E ratio currently sits at 20.72, while the P/B ratio is 2.08. The company’s average trading volume currently stands at 3.33M shares, which means that the short-interest ratio is just 2.76 days. Over the past seven days, the company moved, with its shift of 3.40%. Looking further, the stock has raised 9.14% over the past 90 days while it gained 14.43% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more PEG shares, decreasing its portfolio by -0.75% during the last quarter. This move now sees The Vanguard Group Inc selling -295,420 shares in the last quarter, thus it now holds 39,086,853 shares of PEG, with a total valuation of $2,132,187,831. Capital Research Management Co meanwhile bought more PEG shares in the recently filed quarter, changing its stake to $1,892,541,335 worth of shares. BlackRock Fund Advisors followed the path by increasing its PEG portfolio by +4.24% in the quarter. This means that BlackRock Fund Advisors bought 1,257,111 shares in the last quarter and now controls 30,874,802 shares of the PEG stock, with the valuation hitting $1,684,220,449.
Similarly, Capital Research Management Co decreased its Public Service Enterprise Group Incorporated shares by 0.00% during the recently filed quarter. After selling 0 shares in the last quarter, the firm now controls 9,347,249 shares of Public Service Enterprise Group Incorporated which are valued at $509,892,433. In the same vein, Geode Capital Management LLC increased its Public Service Enterprise Group Incorporated shares by during the most recent reported quarter. The firm bought 489,501 shares during the quarter which increased its stakes to 6,527,327 shares and is now valued at $356,065,688. Following these latest developments, around 0.10% of Public Service Enterprise Group Incorporated stocks are owned by institutional investors and hedge funds.