RBC Capital Keeps Their Hold Rating on PepsiCo

By Ryan Adsit

RBC Capital analyst Gary Bisbee reiterated a Hold rating on PepsiCo (NYSE: PEP) today and set a price target of $115. The company’s shares opened today at $116.36, close to its 52-week high of $117.66.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 9.0% and a 73.0% success rate. Bisbee covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Servicemaster Global Holdings, and Corporate Executive Board.

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

Based on PepsiCo’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $12.05 billion and quarterly net profit of $1.32 billion. In comparison, last year the company earned revenue of $11.86 billion and had a net profit of $931 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.