PepsiCo Receives a Hold from Jefferies

By Jason Carr

Jefferies analyst Kevin Grundy assigned a Hold rating to PepsiCo (NYSE: PEP) today and set a price target of $113. The company’s shares closed yesterday at $111.93.

According to TipRanks.com, Grundy is a 5-star analyst with an average return of 10.3% and a 63.1% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Edgewell Personal Care, and Monster Beverage Corp.

Currently, the analyst consensus on PepsiCo is Moderate Buy and the average price target is $124.29, representing an 11.0% upside.

In a report issued on January 29, SunTrust Robinson also initiated coverage with a Hold rating on the stock with a $125 price target.

The company has a one-year high of $122.51 and a one-year low of $104.77. Currently, PepsiCo has an average volume of 3.86M.

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