In a report released today, Dara Mohsenian from Morgan Stanley maintained a Buy rating on PepsiCo (PEP), with a price target of $137. The company’s shares opened today at $128.23, close to its 52-week high of $128.26.
According to TipRanks.com, Mohsenian is a 3-star analyst with an average return of 3.2% and a 68.1% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.
Currently, the analyst consensus on PepsiCo is a Moderate Buy with an average price target of $128.55, representing a 0.2% upside. In a report released today, Argus Research also maintained a Buy rating on the stock with a $146 price target.
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Based on PepsiCo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.52 billion and net profit of $6.85 billion. In comparison, last year the company earned revenue of $12.56 billion and had a net profit of $1.34 billion.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.
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