Jefferies Believes PepsiCo (NYSE: PEP) Won’t Stop Here

By Jason Carr

In a report released yesterday, Kevin Grundy from Jefferies reiterated a Buy rating on PepsiCo (NYSE: PEP), with a price target of $127. The company’s shares closed yesterday at $113.69, close to its 52-week high of $114.66.

According to, Grundy is a 4-star analyst with an average return of 5.3% and a 73.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $121.86.

The company has a one year high of $114.66 and a one year low of $98.50. Currently, PepsiCo has an average volume of 3.68M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Cynthia Trudell, the EVP HR of PEP sold 3,000 shares for a total of $337,770.

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