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RBC Capital Sticks to Its Hold Rating for PepsiCo (PEP)

Tipranks - Tipranks - Thu Jun 11, 9:00PM CDT

In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on PepsiCo, with a price target of $163.00.

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According to TipRanks, Modi is an analyst with an average return of -2.5% and a 48.60% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, The Hershey Company, and Coca-Cola.

In a report released on June 5, Wells Fargo also assigned a Hold rating to the stock with a $150.00 price target.

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Based on PepsiCo’s latest earnings release for the quarter ending March 21, the company reported a quarterly revenue of $19.44 billion and a net profit of $2.34 billion. In comparison, last year the company earned a revenue of $17.92 billion and had a net profit of $1.83 billion

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