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Merrill Lynch Stick to Their Buy Rating for PepsiCo

Published 10/01/2020, 08:45 AM
Updated 10/01/2020, 08:45 AM


Merrill Lynch analyst Bryan Spillane maintained a Buy rating on PepsiCo (NASDAQ:PEP) on Thursday, setting a price target of $150, which is approximately 8.23% above the present share price of $138.6.

Spillane expects PepsiCo to post earnings per share (EPS) of $1.19 for the fourth quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in PepsiCo, with an average price target of $144.64.
The analysts price targets range from a high of $155 to a low of $130.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $15.95 billion and a net profit of $2.32 billion. The company's market cap is $191.91 billion.

According to TipRanks.com, Merrill Lynch analyst Bryan Spillane is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.4% and a 50.85% success rate.

PepsiCo, Inc. engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy (NYSE:CHWY), Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Latest comments

Wrong Chewy guys...
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