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Zacks Investment Research downgraded PepsiCo, Inc. (NYSE:PEP) to Sell in a report released today.

Zacks Investment Research has downgraded PepsiCo, Inc. (NYSE:PEP) to Sell in a report released on Thursday September 22, 2016.

Previously on 9/16/2016, Credit Suisse released a statement about PepsiCo, Inc. (NYSE:PEP) increased the target price from $0.00 to $121.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday PepsiCo, Inc. (NYSE:PEP) traded 0.61% higher at $107.13. PepsiCo, Inc.’s 50-day moving average is $107.34 and its 200-day moving average is $104.79. The last stock price is up 2.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,833,739 shares of PEP traded hands, down from an average trading volume of 3,984,080

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PepsiCo, Inc. (NYSE:PEP)

PepsiCo, Inc. has a 52 week low of $91.45 and a 52 week high of $110.94 with a P/E ratio of 30.45 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 21 brokers have issued a report on the company. The 12-month price target is $109.90 with four analysts rating the company a strong buy, eleven analysts rating the company a buy, eleven analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For PepsiCo, Inc. (NYSE:PEP)

PepsiCo, Inc. is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa. The Company's brands include Agusha, Amp Energy, Aquafina, Aquafina Flavorsplash, Aunt Jemima, Cap'n Crunch, Cheetos, Chester's, Chipsy, Chudo, Cracker Jack, Diet Pepsi, Diet Sierra Mist and Domik v Derevne.

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